Fed under fire in Washington over supervision

In spite of the successes of his first 16 months in office, the relations of Ben Bernanke, the chairman of the US Federal Reserve, with the American Congress are deteriorating as the country's central bank is threatened with having some of its authority removed in punishment for what is viewed as lax credit regulation.

Bernanke is well-regarded in Wall Street for managing to avoid recession in the face of the troubled housing market and keeping inflation down despite rising oil prices. But Dem

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