RSSCongress takes aim at Fed’s autonomy
From: The Washington Times | December 30, 2009
Investors are increasingly worried by threats in Congress to delay the reappointment of Fed Chairman Ben S. Bernanke and meddle in the Federal Reserve's decisions on interest rates, fearing a politicization of the agency with the greatest reach over the economy and markets. Some Fed watchers say the central bank already is kowtowing to critics in Congress by promising to keep interest rates near zero for an "extended period" - as long as the politically sensitive unemployment rate remains near its current 10 percent. "Congress has a seat" on the Fed's rate-setting committee as long as the Senate strings out ...
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