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Poll from The Hill: 74% of Insiders say Congress will NOT pass Audit The Fed Bill
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A similar 74 percent of insiders believe Congress will not pass legislation requiring an audit of the Federal Reserve�s monetary policy. The Fed has come under heavy criticism this year for its role in propping up the economy and carrying out bailouts of major financial institutions. Federal Reserve Chairman Ben Bernanke received the fewest votes in favor of his confirmation of any Fed chairman. �Despite the heat and light generated around the hearing and the toughest re-nomination vote in the history of the Fed, Washington insiders clearly believe Congress will honor the Fed�s independence when it comes to monetary policy,� said Travis Larson, senior vice president in FD�s public affairs practice. �That�s good news for the business and finance communities, who view congressional influence in monetary policy as undermining economic certainty and stability.�
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