US senator calls for hearings on Fed’s role in 2020 elections

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The Federal Reserve

A US Republican party senator has called for public hearings on the need to prevent the Federal Reserve acting in a politically partisan manner.

Thom Tillis, a conservative senator representing North Carolina, responded angrily to an opinion piece written by former New York Fed president William Dudley. Tillis said he wanted the Senate’s banking committee to discuss the dangers of the Fed becoming a “political weapon” in presidential elections.

Dudley, who was also a former vice-chair of the

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