Fed Is Again Reform-Talk Flash Point

Kaper, Stacy
June 2010
American Banker;6/17/2010, Vol. 175 Issue 93, p1
Trade Publication
The article discusses issues being debated by a U.S. Congressional House and Senate committee seeking to finalize financial regulatory-reform legislation. Although Representative Ron Paul wants the Federal Reserve subject to audits within six months of monetary-policy decisions, that period will likely be extended to two years. Other points of contention include procedures for selecting a president for the Federal Reserve Bank of New York, and safeguards for investors.


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