Fed's Bullard says bill could jeopardize central bank's independence

05/2/2010 | Financial Times (tiered subscription model)

James Bullard, president of the St. Louis Federal Reserve Bank, said legislation that would overhaul financial regulations would cause the "blatant politicization" of the central bank. Bullard said the bill threatens the independence of the central bank and would fail to resolve the issue of banks that become "too big to fail." He also raised questions about the proposal to wind down major financial institutions.

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