March 15 (Bloomberg) — Dean Baker, co-director of the Washington-based Center for Economic and Policy Research, talks with Bloomberg’s Carol Massar about Senate Banking Committee Chairman Christopher Dodd’s plan to overhaul financial rules and the role of the Federal Reserve Bank of New York president.
The Fed Bank of New York president, who supervises five of the seven largest U.S. banks, would be subject to White House appointment and lawmakers approval under the proposed legislation. (Source: Bloomberg)
Duration : 0:5:10