Fed's next chair to be most powerful yet

07/31/2013 | Hill, The

Since the 2010 passage of the Dodd-Frank Act, the Federal Reserve's powers have broadened to include oversight of systemically important financial institutions, which include commercial banks and insurers. The Fed also will oversee banks' compliance with Basel III rules once they are implemented. The new oversight duties will give the next Federal Reserve chairman more authority than predecessors.

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Hill, The

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