House passes bill to overhaul the Fed


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The Fed is not using a transparent monetary policy. And so because of this, greater transparency, greater accountability is necessary. Otherwise, we may soon awake to discover that our central bankers have morphed into our central planners,” said House Financial Services Committee Chairman Jeb Hensarling (R-Texas).

But the central bank maintains that opening up its deliberations to public scrutiny would politicize its decision-making process.

http://thehill.com/blogs/floor-action/house/260760-house-passes-bill-to-overhaul-the-fed