Congress Wants To Be A Thorn In The Side Of The Fed- Permanently

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If Ben Bernanke thought he could keep the Fed (semi)-independent of the rest of Washington, he may get a rude awakening soon. Congress is looking to provide the GAO with the authority to audit all of the Fed's activities. The thought of greater Congressional scrutiny has to make Bernanke reach for the Pepto and hope that he doesn't wake up in a cold sweat haunted by the vision of Maxine Waters marching down the corridors of the Fed trying to fire every ex-Goldman employee herself. Best of luck Ben.
Congress seeks to open Fed actions to more scrutiny [FT]

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