Fed under fire as public anger mounts

Associated Press by Tom Raum | Nov. 23, 2009 (News Analysis)

Suddenly the Federal Reserve is everybody's punching bag.

Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say.

The chairman of the Federal Reserve Board is always fair game for criticism and second-guessing, usually over interest rate actions. But this year the criticism is much broader as Congress responds to widespread public anger that the Fed ... Full Story »

Posted by Derek Hawkins

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Subjects: U.S., Business, Living
Topics: U.S. Economy, Finance, Money
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Posted by: Posted by Derek Hawkins - Nov 23, 2009 - 7:02 AM PST
Reviewed by: Derek Hawkins (review), Fabrice Florin (review), Ben Ross (review)
Content Type: Article
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Edited by: Derek Hawkins - Nov 23, 2009 - 7:03 AM PST

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Derek Hawkins
3.5
 by Derek Hawkins - Nov. 23, 2009

Title is misleading. The sampling of perspectives on the near future and public reception of the Fed is good -- except that this seems to have sought everyone's input but the public's. I don't see any statistics about public attitudes toward Bernanke, the Fed, etc. Title should have been "Fed under fire as Congressional anger mounts."

Derek posted this story.
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Ben Ross
3.0
 by Ben Ross - Nov. 23, 2009

Lots of good stuff here...biased it is 'as seen by the US Main Stream Media" Forgets the 5th "w" Why. The reasons for transparency are trumping the bully bluff of the oligarchy.

the fed has failed in it's ... ' core mission of setting monetary policy' the meltdown was heated by the fed blind eye for the last 20 years....

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Fabrice Florin
3.6
 by Fabrice Florin - Nov. 23, 2009
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