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
Washington
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 policies and political bias, saying the world's most powerful central bank is too autonomous and unaccountable.
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