Tuesday, October 2, 2012

Bernanke Warns Congress: Don’t Change Law To Review Fed’s Policy Discussions

The chairman cautioned Congress against adopting a law that would allow it to review the Fed’s interest-rate policy discussions. The House has passed legislation to broaden Congress’ investigative authority over the Fed and allow a review of its interest-rate policymaking. The Senate hasn’t adopted the bill.

If you have not yet done so, call or write your senator and urge them to support S 202 "The Federal Reserve Transparency Act" and sign the petition at http://www.auditthefed.com/