06/28/2012 08:30 am ET Updated Aug 28, 2012

Simon Johnson Has Some Questions For The Fed

Over the last several weeks on this blog, I have expressed a broad set of concerns about governance arrangements at the Federal Reserve Bank of New York. I have made the specific case for Jamie Dimon, the chief executive of JPMorgan Chase, to step down from the New York Fed's board because of the large, unexpected losses in his bank's London proprietary trading operation -- and the fact that these activities and their disclosure are now under investigation by the Fed.

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