Bloomberg News
"It would be a grave mistake for the Fed to commit to conduct monetary policy according to a mathematical rule," Fed Chair Janet Yellen warned recently.

Yellen Faces Old Battles to Preserve Fed's Independence

Federal Reserve Board Chair Janet Yellen is facing the first real test to her agency's independence during her tenure, as House Republicans push a bill designed to broaden congressional oversight of the central bank and tie its hands regarding monetary policy.

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