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‘Audit the Fed’ illustrates the politics behind policy

Tim Fitzsimons Feb 24, 2015
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The Federal Reserve’s Janet Yellen delivered her semiannual update to Congress today amid calls to audit the Fed’s monetary policy decision-making. Yellen denounced efforts to increase Congressional oversight of how and why the Fed decides to print or buy back money, and Fed experts say it was designed to be insulated from political pressure. 

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