House Passes Fed Transparency Bill; Obama Will Veto
by Tyler Durden
ZeroHedge.com
11/19/2015
Moments ago, the in a 241-185 vote, the House passed passed H.R. 3189, aka Fed Oversight Reform and Modernization Act. The bill would make changes to how the Fed conducts monetary policy and regulatory activities and would direct the Fed to take a rules-based approach to interest rate decisions; require audits of more Fed functions such as monetary policy; and place restrictions on its emergency lending powers. In other words, everything that the banks that are direct and indirect stakeholders in the Fed would fight to the death to prevent.
The Rest…HERE
