The Fed stands to gain some powers and lose others
(NEWSER) - Among the myriad things that will be reshaped by the current economic crisis is the Federal Reserve, the Wall Street Journal reports. The steps the Fed has taken to stave off further economic turmoil have made it more vulnerable than it has been in years: If a lasting recovery takes hold, the 21st-century Fed may gain some important new powers—including the authority to regulate financial institutions, other than banks, that are so big they put the system at risk. More»
