Janet Yellen and House Republicans Clash Over Fed’s PerformanceBy
WASHINGTON — Janet Yellen, the Federal Reserve chairwoman, sparred with House Republicans on Wednesday about the value of financial regulation and the effectiveness of monetary policy in a testy session that showed the gulf between the central bank and the conservatives who control Capitol Hill.
During a hearing before the House Financial Services Committee, Ms. Yellen was relentlessly pressed by Republicans to concede that the American economy was broken, that the Fed had failed to fix the underlying problems and that excessive regulation was making things worse…
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