Treasury Secretary Nicholas Brady was quoted last week as favoring a review of congressional proposals to make the Federal Reserve more responsive to the economy. Rep. Lee Hamilton, D-Ind., co-chairman of the Joint Economic Committee, has proposed, among other things, that president of district Federal Reserve banks be prevented from voting on monetary policy since they are appointed by private-sector bankers without congressional review. American Banker reporter Jeanne lida asked:

Q Should the structure of the Federal Reserve be altered to make it more responsive to economic conditions?

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