Critics of the Federal Reserve (Fed) have long argued for more oversight, transparency, and disclosure. Criticism intensified following the extensive assistance provided by the Fed during the financial crisis. More specifically, critics have focused on the Government Accountability Office (GAO) audits of the Fed and the disclosure of details on the identities of borrowers and the terms of those loans. This book examines oversight and disclosure issues relating to the Federal Reserve with a focus on the Dodd-Frank Wall Street Reform and Consumer Protection Act; QE 3; and Federal Reserve transparency.
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