Shelby Says Fed Should Be Held Accountable for Its Actions
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Richard Shelby, the Alabama Republican who heads the Senate Banking Committee, said lawmakers should consider ways to overhaul the Federal Reserve’s structure and tighten oversight by Congress.
“We will further explore options to improve the oversight and structure of the Fed,” Shelby said Tuesday in prepared remarks at a hearing. Arguing the Fed has failed to explain the impact of its extraordinary monetary policies, he said it should “be held accountable for its actions.”