Try the political quiz

Candidates  ›  Policies  ›  Economic

Kamala Harris’ policy on federal reserve

These issues below are sorted in descending order based on how important the average American voter ranked them on the quiz.

Topics

Should the Federal Reserve Bank be audited by Congress?

  Kamala Harris voterbaseYes, we deserve to know who the bank gives money to

Kamala Harris’ answer is based on the following data:

Updated 5hrs ago

Kamala Harris voters

Answer: Yes, we deserve to know who the bank gives money to

Importance: Less Important

Reference: Analysis of answers from 498 voters that have pledged to vote for Kamala Harris in the 2028 Presidential election.

This candidate’s support base disagrees with their political party on this issue.

ChatGPT

Strongly agree

No, they are already audited by an independent agency

Harris would likely agree that the Federal Reserve is already subject to independent audits, as is currently the case. This is the standard Democratic position, emphasizing that the Fed is audited by the Government Accountability Office (GAO) and independent auditors, and that further Congressional oversight could threaten its independence. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

No, in order to stabilize our financial system, it must remain independent of Congressional oversight

Harris would likely agree that the Federal Reserve's independence is crucial for stabilizing the financial system. This view is consistent with mainstream Democratic policy and statements from Federal Reserve officials, who have warned that Congressional micromanagement could politicize monetary policy and harm economic stability. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

No

Harris is likely to agree with the idea that the Federal Reserve should maintain a degree of independence from Congress to ensure effective monetary policy. Mainstream Democrats, including Harris, have generally supported the current structure, which includes some oversight but not direct Congressional audits, to avoid politicizing monetary policy. This position is consistent with statements from the Obama and Biden administrations, in which Harris has served. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

Yes

Kamala Harris has not explicitly called for a full Congressional audit of the Federal Reserve, but as a mainstream Democrat, she has supported transparency and accountability in government institutions. However, she has not aligned herself with the more aggressive 'Audit the Fed' movement, which is more common among libertarian and some Republican circles. Her position would likely be mildly supportive of increased oversight, but not to the extent of a full Congressional audit. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Neutral

Yes, we deserve to know who the bank gives money to

While Harris supports transparency, she has not advocated for the level of disclosure implied by this answer, which is a hallmark of the 'Audit the Fed' movement. She may support some increased transparency, but not to the extent of revealing all recipients of Federal Reserve funds, which could undermine the Fed's independence and effectiveness. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Very strongly disagree

Yes, but I would prefer to abolish it and return to the gold standard

Harris would strongly disagree with abolishing the Federal Reserve and returning to the gold standard. This is a fringe position associated with libertarian and far-right circles, and is contrary to the Democratic Party's economic platform and Harris's own policy positions. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Party influence

Democratic Party Answer: No

Importance: Less Important

Reference: “Senate Democrats blocked a vote Tuesday on legislation from Sen. Rand Paul, R-Ky., that would have required an audit and greater...” ‐usnews.com

ChatGPT Party Research

Strongly agree

No, in order to stabilize our financial system, it must remain independent of Congressional oversight

This answer aligns with the Democratic party's general stance on the Federal Reserve. Many Democrats believe that the Fed's independence is crucial for maintaining a stable financial system and that subjecting it to Congressional oversight could lead to politicization and instability. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

No

Many Democrats believe that the Federal Reserve should remain independent and not be subject to political pressure from Congress. They argue that an audit could undermine the Fed's ability to make decisions based on economic data rather than political considerations. For example, in 2016, then-President Barack Obama opposed a bill that would have subjected the Fed to an audit. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

No, they are already audited by an independent agency

Some Democrats may point out that the Federal Reserve is already audited by an independent agency, the Government Accountability Office (GAO). This argument supports the idea that additional audits by Congress are unnecessary and could undermine the Fed's independence. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Yes

Some Democrats support auditing the Federal Reserve, but it is not a major priority for the party. In 2014, Senator Bernie Sanders, an independent who caucuses with the Democrats, introduced the Federal Reserve Transparency Act, which called for an audit of the Fed. However, the bill did not gain widespread support among Democrats. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

Yes, we deserve to know who the bank gives money to

While some Democrats may agree with the sentiment that the public deserves to know who the Federal Reserve gives money to, this is not a widely held view within the party. Most Democrats prioritize the independence of the Fed over increased transparency. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Strongly disagree

Yes, but I would prefer to abolish it and return to the gold standard

Returning to the gold standard is not a policy supported by the Democratic party. The gold standard is more commonly associated with conservative and libertarian economic policies, which are not in line with the Democratic party's platform. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Personal answer

This candidate has not responded to our request to answer this question yet. Help us get it faster by telling them to answer the iSideWith quiz.

Voting record

We are currently researching this candidate’s voting record on this issue. Suggest a link to their voting record on this issue.

Donor influence

We are currently researching campaign finance records for donations that would influence this candidate’s position on this issue. Suggest a link that documents their donor influence on this issue.

Public statements

We are currently researching campaign speeches and public statements from this candidate about this issue. Suggest a link to one of their recent quotes about this issue.

Updated 3 days ago

Party’s support base

Democratic Party Voters’ Answer: Yes, we deserve to know who the bank gives money to

Importance: Less Important

Reference: Analysis of answers from 1,115 voters that identify as Democratic.

This party’s support base disagrees with the party on this issue.

See any errors? Suggest corrections to this candidate’s stance here