Fed uncooperative and audit insufficient, claims influential senator
The Federal Reserve has come under renewed attack from US senator Bernie Sanders, who on Tuesday accused the central bank of stonewalling in its response to a set of questions asked in December.
Sanders, the author of the ‘audit the Fed' clause that made it into the Dodd-Frank regulatory reform act, forcing the Fed in December to publish details of transactions carried out under its emergency lending facilities, criticised Ben Bernanke, the chairman of the central bank, for giving an evasive
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