Negotiators agree to proposed authority for GAO to audit Fed

06/17/2010 | Washington Post, The

Lawmakers hashing out differences between the Senate and House versions of regulatory-revamp legislation agreed to give the Government Accountability Office broad power that would allow it to require more disclosure from the Federal Reserve and to examine the central bank's operations. "A full audit of the Federal Reserve System is the only way to ensure the necessary level of transparency to protect taxpayer dollars and ensure accountability at an institution that has unfettered powers and whose colossal errors of judgment were a crucial cause of the crisis," said Rep. Scott Garrett, R-N.J.

View Full Article in:

Washington Post, The

Published in Brief: