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Fed, Republican critics may compromise on oversight after Trump win

Deal would give Congress greater scrutiny over central bank but it would stop short of dictating rules on rates

Published Mon, Dec 12, 2016 · 09:50 PM

New York

REPUBLICAN lawmakers and the Federal Reserve may be ready to strike a compromise deal on legislation that would give Congress greater scrutiny over the central bank, now that there is no longer the threat of a presidential veto, but it would likely stop short of dictating rules on setting interest rates.

Donald Trump'…

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International

International

Fed, Republican critics may compromise on oversight after Trump win

International

Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising

Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill

Fed survey cites inflation, US election as key financial stability risks

Oil prices steady after Iran plays down reported Israeli attack

G7 pledges swift aid for Ukraine, seeks to calm Middle East

H5N1 strain of bird flu found in milk: WHO

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