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Fed warns against govt audits
Published July 9, 2009, 5:40 pm, Straits Times
WASHINGTON - FEDERAL Reserve deputy chairman Donald Kohn on Thursday defended the US central bank's independence, saying congressional oversight could interfere with monetary policymaking. If the Government Accountability Office (GAO), the investigative arm of Congress, were authorized to audit the Fed, that 'could cast a chill on monetary policy deliberations,' Mr Kohn told a House of ...
Federal Reserve independence
Published July 9, 2009, 4:21 pm, GoldSeek.com
Before the Subcommittee on Domestic Monetary Policy and Technology, Committee on Financial Services, U.S. House of Representatives, Washington, D.C.
Fed official warns against government audits
Published July 9, 2009, 4:05 pm, Indiana's NewsCenter
Federal Reserve deputy chairman Donald Kohn on Thursday defended the US central bank's independence, saying congressional oversight could interfere with monetary policymaking.
Fed pressured to peg interest rates
Published July 5, 2009, 12:46 pm, The Herald
Top Federal Reserve officials are piling pressure on Ben Bernanke, the central bank's chairman, to keep US interest rates pegged in the present range of zero to 0.25% indefinitely, even though futures markets are pointing to a rise in the cost of borrowing some time before year's end.
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