Fed is the main winner from Dodd-Frank bill: Meyer
The Federal Reserve has emerged as a clear winner in the finalised Dodd-Frank regulatory reform bill, Laurence Meyer, a former governor of the central bank's Washington-based board, told CentralBanking.com on Friday.
"The most surprising feature of the final product is that the Fed has emerged as the biggest winner," said Meyer, who is now the vice-chairman of Macroeconomic Advisers, a consultancy. "At the beginning, there was such hostility to the Fed. It didn't seem that they would end up
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