The independence of the Federal Reserve is under question as Republicans seek greater controls and scrutiny of the bank.
The independence of the Federal Reserve is under question as Republicans seek greater controls and scrutiny of the bank. If the conservatives gain control of the Senate in the mid-terms there are likely to be new policies such as official auditing and reduced power for the bank’s Chair. While most agree that the central bank should retain independence, even those within the Fed are preparing themselves for more scrutiny. Read the full story.
