Chris Christie accuses Fed of political favors for Obama, calls for audit

New Jersey Gov. Chris Christie accused the Federal Reserve of keeping interest rates low to benefit President Obama politically Tuesday night, saying in the Republican presidential debate that the central bank needs to be audited.

"They have kept those interest rates artificially low for one reason and one reason only: because they're trying to politically support Barack Obama and his agenda. And it's been wrong," the New Jersey governor said.

In his remarks, Christie echoed a criticism of the central bank voiced in the previous debate by his primary opponent, the businessman Donald Trump.

Christie went further, however, and also accused the Fed of stoking inequality and risking another recession.