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Republicans' audit move set to challenge Fed's independence

New 'Audit the Fed' bill would allow any legislator to examine monetary policy activities of the US central bank

Federal Reserve chair Janet Yellen has been a target for Republicans, who now control both houses on Capitol Hill. They are accusing the Fed of being a law unto itself and being controlled by Democrats.


AFTER unemployment and deflation, Federal Reserve chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy.

Newly in control of both houses on Capitol Hill, Republicans accuse the Fed of misguided