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
Mon, Mar 02, 2015 - 5:50 AM
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...