The Federal Reserve Is Making Huge Decisions And Not Asking Anyone About It

02/21/2012 03:07 pm ET
  • VICTORIA MCGRANE and JON HILSENRATH The Wall Street Journal

The Federal Reserve has operated almost entirely behind closed doors as it rewrites the rule book governing the U.S. financial system, a stark contrast with its push for transparency in its interest-rate policies and emergency-lending programs.

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