The Fed gets most of what it wanted in the bill that passed the Senate last night. In addition...

|By:, SA News Editor
The Fed gets most of what it wanted in the bill that passed the Senate last night. In addition to preserving their bank-supervisory powers, the bill maintains a ban on congressional audits of interest-rate decisions. Under serious threat for a time, the Fed "now appears to be emerging with at least as much authority and likely more." Losers: big banks, credit rating agencies.