'Audit the Fed’ clause weakened on independence fears
A provision for the US government to fully audit the Federal Reserve, including its monetary policy actions and Maiden Lane bailout vehicles, was on Thursday toned down in the face of resistance from the central bank and the White House.
Bernie Sanders, an independent senator for Vermont who authored the provision, agreed to drop his demand for the Fed's deliberations pertaining to discount window and open market operations to be reviewed by the Government Accountability Office (GAO). The
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