NEW YORK (
) -- Texas Rep. Ron Paul is expected to announce plans to seek the Republican nomination in the 2012 presidential election on Friday,
reported, citing a source close to the campaign.
Paul is expected to make the announcement at a Friday morning campaign event in Exeter, New Hampshire.
Ron Paul is expected to run for president a third time.
It will be Paul's third bid for the White House. He ran as the Libertarian Party nominee in 1988 and sought the Republican nomination in 2008.
Paul launched a presidential
at the end of April and attended the first Republican presidential debate last week after raising more than a million dollars online,
Congressman Paul is currently the chairman of the House Financial Services Subcommittee on Domestic Monetary Policy.
As an advocate for limited constitutional government and a monetary policy based on the gold standard, Paul is a famous critic of the Federal Reserve.
Paul joins several other candidates vying for the 2012 GOP nomination, including former House Speaker Newt Gingrich.
Written by Theresa McCabe in Boston
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