Reported about 8 hours ago
A newly formed task force in the Republican-led U.S. House of Representatives begins examining the Federal Reserve's policy tools and goals, highlighting skepticism regarding the Fed's dual mandate on employment and price stability. The first hearing, featuring former Fed officials, aims to reassess the central bank's role, with some Republicans expressing concerns about its independence. Democrats on the panel are poised to defend the Fed's mandate as critics warn against diminishing its autonomy.
Source: YAHOO