As the President's plan evolves, if it is not modified, the Federal Reserve essentially would be the direct regulator of most of the major financial institutions of the country.
Jack Reed: “As the President's plan evolves, if it is not modified, the Federal Reserve essentially would be the direct regulator of…”
On the recordJuly 22, 2009
Source
congress.govEditor's note · Context
Reed discusses the implications of the President's plan on Federal Reserve regulation.
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