Greater Fed Authority? Not a Great Idea

Murphy, Westbrook
July 2009
American Banker;7/22/2009, Vol. 174 Issue 139, p9
Trade Publication
This opinion piece argues that the U.S. Federal Reserve System is not an effective body when it comes to regulating financial firms within the nation. A report concerned with the reform of financial regulation in the U.S. was released by the ad hoc committee titled the Investors’ Working Group, which recommended that the Federal Reserve System take on this role. The author’s beliefs echo the sentiments of U.S. Senate Banking Committee Chairman Christopher Dodd.


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