Senate bill isn’t perfect, but it can have a lasting effect.
Dodd-Frank does not include many of the details that are defined for the other voting members of FSOC, including anything on the Independent Member’s specific duties.
If Congress wants to seriously revisit the structure of the Federal Reserve, reforming the regional reserve banks is a good place to start.
Tinkering with the Federal Reserve’s system to fund current congressional spending initiatives sets a dangerous precedent and is bad policy.
President Obama has yet to nominate anyone to be the Fed’s new vice chair for supervision, frustrating some lawmakers and industry officials.
Efforts to fill top positions at Federal Reserve branches are casting a spotlight on a process that critics say is opaque, favors insiders, and is ripe for reform.