The Federal Reserve Bank of New York is first among equals when it comes to the other 11 regional Fed Banks. That person has a big say on interests rates because s/he sits permanently on the Fed’s Board of Governors. So, should the head of the NY Fed have to be confirmed by the Senate? Senator Jack Reed thinks so.
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Jack Reed"
NY Fed Chair: Senate Confirmation Needed?
Posted on 19 November 2014.
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An Avalanche To Bury Financial Reform
Posted on 22 March 2010.
There are roughly 400 amendments being proposed to the financial reform legislation proposed by Sen. Chris Dodd. I’ve written previously that I think that the legislation is, at best, a modest step forward. Many of the amendments are aimed at weakening reform and are being pushed by the financial inustry’s lobbying machine. One […]
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