Fed independence questioned anew as Republicans ramp up pressure

A surge of Republican pressure is bringing the Federal Reserve's long-held independence into question again, as conservative lawmakers seek to place the U.S. central bank under tougher scrutiny. "We continue to respect the Fed's independence in monetary policy," Congressman Jed Hensarling said at a hearing on Thursday. The Fed has faced political pressure at various points in its 100-year ...

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