however,The new powers. toyota halts sales could be a mix bless for Fed Chairman Ben S. Bernank and hi successors. The central bank will have it credibl on the line when the next crisi aris and could be more expos to polit pressur becaus of it broader reach.
a target of bipartisan bash dure the past two years,The Feder Reserve. ha emerg a big winner in the financi overhaul pass by the Senate, but the broader power grant by the legisl expos the central bank to new risks.
and there wa strong support in both hous of Congress for audit of the Fed' monetari polici decisions. The Senat bill repres a remark turnaround for the Fed. Mani on Capitol Hill had want to punish the central bank for fail to prevent the financi crisis. An earlier version would have strip the Fed of respons for overse most of the nation' banks.
and the central bank is set to gain broad author to overse Wall Street. Neither of those provis made it into the legisl approv last week.
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