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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

Mr Huizenga's proposal is now part of a broader bill championed by Mr Hensarling (above), the Republican chair of the House Financial Services Committee, to winnow back financial regulations.

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...

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