How the Fed's Cold War With Congress Could Harm the U.S. Economy

  • Central bank may need congressional backing in next recession
  • Presidential candidates of both parties favor a Fed audit

Is the Market Anticipating a More Dovish Fed?

Federal Reserve Chair Janet Yellen’s relations with Congress look as strained as those of her predecessor, and that could undermine the central bank’s ability to confront the next crisis.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.