Fed Shoots Down Geithner Request for Fed Review
Who do you trust more with U.S. monetary policy - Ben Bernanke's Fed or Obama and Geithner? Bernanke says to Geithner to mind his own business:
The Federal Reserve bank might not have the transparency that many would like, but Congress has long hailed its independence since it was created by Congress in 1913. And now Obama wants the Executive Branch to oversee it? I'm sure the media would have been just fine if President Bush tried to do this...
The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the central bank’s structure and governance, three people familiar with the matter said.
The Federal Reserve bank might not have the transparency that many would like, but Congress has long hailed its independence since it was created by Congress in 1913. And now Obama wants the Executive Branch to oversee it? I'm sure the media would have been just fine if President Bush tried to do this...
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