The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.
The American News Project looks at the proposal by Congressman Ron Paul (R-TX) to increase Congressional oversight of the Federal Reserve but will this compromise the independence of the Fed to conduct monetary policy?