Wednesday, July 15, 2015

Yellen: Keep Fed Independent

The head of the U.S. central bank says increased congressional supervision of the Federal Reserve could reduce its independence and hurt the economy. Fed Chair Janet Yellen spoke Wednesday at a contentious hearing of the House Financial Services Committee. She said efforts to "further increase transparency" could "undermine the Federal Reserve's ability to make policy in the long-run best interest of American families and businesses." Committee Chairman Jeb...

via Economy - Voice of America

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