The Federal Reserve’s most embarrassing ethics scandal in years has cast a harsh spotlight on the world’s most powerful central bank and the arm’s-length governance of its 12 regional branches.
Their chiefs are among America’s most influential public officials, helping to set borrowing costs for the $23 trillion economy.
But the process of picking them, and assessing their performance in office, has long been shielded from public scrutiny and accountability — something that’s now drawing mounting criticism.
finance.yahoo.com/news/fed-embarrassing-ethics-scandal-spurs-090000924.html
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