bobbyw24
09-21-2011, 11:22 AM
The Federal Reserve is under fire from both the left and the right on Capitol Hill.
In a rare display of bipartisanship, both Republicans and Democrats appear to believe that the Fed needs reforming. But while they agree there is a problem, they disagree on what exactly the problem is.
The Fed bashing cames as the central bank's policymakers, who will end a two-day meeting later Wednesday, are widely expected to announce further steps to stimulate the sluggish US economy.
Republicans worry that monetary policy is too biased toward easing. Some Democrats, led by Congressman Barney Frank (D-MA), think the Fed is influenced by private bankers toward a policy that is too tight.
http://www.cnbc.com/id/44609931
In a rare display of bipartisanship, both Republicans and Democrats appear to believe that the Fed needs reforming. But while they agree there is a problem, they disagree on what exactly the problem is.
The Fed bashing cames as the central bank's policymakers, who will end a two-day meeting later Wednesday, are widely expected to announce further steps to stimulate the sluggish US economy.
Republicans worry that monetary policy is too biased toward easing. Some Democrats, led by Congressman Barney Frank (D-MA), think the Fed is influenced by private bankers toward a policy that is too tight.
http://www.cnbc.com/id/44609931