With decision-making authority dispersed to the Board and Reserve Banks, who will be accountable to Congress for the systemic risk regulation function as the 'system' cannot appear to testify right here before Congress?
Richard Shelby: “With decision-making authority dispersed to the Board and Reserve Banks, who will be accountable to Congress for the…”
Editor's note · Context
Shelby questions accountability in the Federal Reserve's structure regarding systemic risk regulation.
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