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Yellen urges Congress to be wary of Fed reforms
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Yellen urges Congress to be wary of Fed reforms

by Peter Schroeder | THEHILL.COM | July 15, 2015

Federal Reserve Chairwoman Janet Yellen urged lawmakers to tread lightly when it comes to overhauling the central bank, warning that proposed changes could undermine its ability to support the economy.

In prepared testimony, Yellen will tout the Fed’s own efforts to boost its transparency as a way to discourage lawmakers from pushing their own proposals to bring the Fed under stricter oversight.

“Efforts to further increase transparency, no matter how well intentioned, must avoid unintended consequences that could undermine the Federal Reserve’s ability to make policy in the long-run best interest of American families and businesses,” she said.

Yellen’s testimony Wednesday before the House Financial Services Committee will come one day after that panel held a hearing in which Republicans blasted the Fed as being unaccountable.

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by Peter Schroeder | THEHILL.COM | July 15, 2015 Federal Reserve Chairwoman Janet Yellen urged lawmakers to tread lightly when it comes to overhauling the central bank, warning that proposed changes could undermine its ability to support the economy. In prepared testimony, Yellen will tout the Fed’s own efforts to boost its transparency as a way to discourage lawmakers from pushing their own proposals to bring the Fed under stricter oversight. “Efforts to further increase transparency, no matter how well intentioned, must avoid unintended consequences that could undermine the Federal Reserve's ability to make policy in the long-run best interest…

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About Sam Chaney

Sam Chaney holds a Bachelor of Science in Accounting and Bachelor of Arts in Economics from California State University, Fresno. He worked in the healthcare industry for 5 years as a financial analyst. Sam began his broadcast career on public access television at the Fresno Community Access Media Collaborative in October of 2012 with We Are Change Fresno TV. His shows include interviews with voices you will not hear on the mainstream corporate controlled media. He also broadcasts Weaponized News a talk radio show on 1680AM in Fresno, California with his partner Stuart Webb. Tune in Saturday night's from 6-8PM on 1680AM. He is an owner of the alternative news website WeaponizedNews.Com.

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