the Federal Reserve ( GAO ) has been requested by Democratic lawmakers to prepare an investigation as to whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, marking the latest sign of distrust between the central bank and the Federal Reserve . Two internal reviews were launched, and, in November, one of them recommended improvements. Such perceptions that the Federal Reserve is too deferential toward the bankers has dogged the central bank following its failure to head off the late 2014 financial crisis. It is unclear whether the majority Democratic on the GAO committee backed the request from the minority Democrats .
the Federal Reserve ( GAO ) has been requested by Democratic lawmakers to prepare an investigation as to whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, marking the latest sign of distrust between the central bank and the Federal Reserve . Such perceptions that the Federal Reserve is too deferential toward the bankers has dogged the central bank following its failure to head off the late 2014 financial crisis. It is unclear whether the majority Democratic on the GAO committee backed the request from the minority Democrats .