Reported 2 days ago
The White House has implemented a new executive order that enhances its oversight over the Federal Reserve's regulation of large banks, while affirming that interest rate decisions will remain under the Fed's control. This move allows the administration to align bank oversight more closely with its policies, but it clearly states that monetary policy will not be affected. The order also requires independent agencies to submit major regulations to the White House Office of Management and Budget for review.
Source: YAHOO