senate democrats

senate democrats

New York Fed Chief on Defensive on Bank Oversight

1d ago
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<a href="http://on.aol.com/video/new-york-fed-chief-on-defensive-on-bank-oversight-518528627"> </a> The head of the New York Federal Reserve was put on the defensive by Senate Democrats, who accused the Fed of being too close to the big banks it is charged with regulating. William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that "our eyes are open" and regulators are fair, unbiased and rigorous in their oversight of the biggest U.S. banks. A 2009 report found that the New York Fed's culture stifled dissenting views among its bank supervisors.