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By Anil K. Kashyap And Frederic S. Mishkin Under the banner of increasing Federal Reserve transparency, Congressman Ron Paul has sponsored a bill that would subject the Fed's monetary policies to an audit by the Government Accountability Office (GAO). Full Article at Wall Street Journal
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Back in July, I expressed concern that Congress might undermine a key pillar of U.S. economic policy: the independence of the Federal Reserve. Why is that so important? Because independent central banks do a better job of controlling inflation. Full Article at Donald Marron
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Under the banner of increasing Federal Reserve transparency, Congressman Ron Paul has sponsored a bill that would subject the Fed's monetary policies to an audit by the Government Accountability Office (GAO). Full Article at Daily Paul
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By Jon Hilsenrath and Damian Paletta Sen. Christopher Dodd's proposal to revamp financial market regulation includes provisions that would change the way the Federal Reserve chooses directors at the central bank's 12 regional banks, putting more power... Full Article at Wall Street Journal
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The Federal Reserve stands to gain substantial new authority under financial reform legislation, despite increasing skepticism from lawmakers in both parties over the central bank’s unchecked powers over the U.S. economy. Full Article at The Politico
Related Quotes
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Never again should the American taxpayers have to hear about 'too big to fail,' where the American taxpayer has to pick up the slack
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I'm more hopeful than I was a few weeks ago that we will be able to come up with a bipartisan bill
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We saw over the last number of years when (the Fed) took on consumer protection responsibilities and the regulation of bank holding companies, it was an abysmal failure
