House Panel Approves Bill To Force Fed To Follow Rule - Presented by: The Aol. On Network

The House of Representatives Financial Services Committee narrowly approved a bill on Wednesday that would require the Federal Reserve to follow a specific rule when implementing monetary policy. The prospects for the legislation, which is opposed by the Fed - the U.S. central bank - to become law this year are slim. Even if it were approved by the Republican-led House, there is no sign the Democrat-controlled Senate would take it up.



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