Yellen Fights Back as Lawmakers Intensify Push to Rein In Fed

Janet Yellen sparred with Republican lawmakers in the most heated exchange in her yearlong tenure as Federal Reserve chair, highlighting the central bank’s exposure to growing demands for greater oversight from Congress.

In testimony on Wednesday before the House Financial Services Committee, Yellen forcefully rejected accusations from Republicans that she’s unaccountable to Capitol Hill and too closely aligned with the White House and Democrats.