Fed's Bullard says bill jeopardizes central bank's independence

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

James Bullard, president of the St. Louis Federal Reserve Bank, said that legislation overhauling financial regulations would cause the "blatant politicization" of the central bank. Bullard said that the bill threatened the independence of the central bank and did not 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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