Sept. 21 (Bloomberg) -- The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the central bank’s structure and governance, three people familiar with the matter said.
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The Obama administration proposed on June 17 a financial- regulatory overhaul including a “comprehensive review” of the Fed’s “ability to accomplish its existing and proposed functions” and the role of its regional banks.
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Some top central bank officials, after agreeing to the review, saw a potential threat to Fed independence after the Treasury released the proposal, two of the people said.
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Now you know where your actual government is.
I can picture the Fed responding back in Lumberghian tone, "Mmmm' Yeeeeahh. Um, we're gonna have to go ahead and say no on that request, mmm'kay. Thanks a bunch though, buh-bye."
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