Financial executives say a GOP-led Senate would ratchet up congressional scrutiny of the central bank's interest- rate policies as well as its regulatory duties as overseer of the nation's largest financial firms. Republicans haven't controlled the Senate since before the 2008 financial crisis and recession, which put a spotlight on the Fed and its powers.
"If the Republicans take control of the Senate and thus have control of both the House and the Senate--two words for the Federal Reserve: Watch out," said Camden Fine, president of the Independent Community Bankers of America.
http://www.nasdaq.com/article/gop-senate-takeover-would-put-fed-under-microscope-20141104-00443#ixzz3I8O546wx
Independent Community Bankers of America?! Who-What-When-Where-Why-HOW is this "true"!
ReplyDeleteWho-What-When-Where-Why-HOW is this "true"! Independent Community Bankers of America!!?