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NOT A SUBSCRIBER?House amendment would rearrange powers of FedPosted on November 8, 2009 9:00 AM
The House Financial Services Committee continued to wrestle with the Financial Stability Improvement Act on Friday, Nov. 6, and approved an amendment to limit the powers of the Federal Reserve. Lawmakers have been at odds over which powers banking regulators and the Federal Reserve should have within in a new regulatory council that would identify and address potential problems in financial institutions before they threaten the economy. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline.
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