U.S. seeks enhanced financial authority for Fed
A private company 'The Federal Reserve' might be given broad authority to require information from all participants in financial markets and a right to collaborate with other regulators in writing the rules that companies and institutions must follow.
http://www.reuters.com/article/politicsNews/idUSN2836557720080329?feedType=RSS&feedName=politicsNews
Related:
Fed Official: U.S. Slipping Into Recession
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