Political Quotes

Richard Shelby: “It is my understanding that the Inspector General of the Federal Reserve recently revealed that the Fed's internal…”

On the recordJuly 20, 2011
It is my understanding that the Inspector General of the Federal Reserve recently revealed that the Fed's internal written policy for rulemaking procedures is more than 30 years out of date.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby questions the Fed's outdated rulemaking procedures regarding cost/benefit analysis.

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