posted on Jun, 30 2008 @ 12:44 PM
Humiliation for Mr. Dollar: Ben Bernanke, the chairman of the United States Federal Reserve Bank, faces a general investigation by the International
Monetary Fund. Just one more example of the Fed losing its power
The United States Federal Reserve Bank, or Fed, seems as much a part of America as Coca-Cola or Pizza Hut. But at least one difference has become
apparent in recent days. While the pizza chain and soft-drink maker are likely to expand their scope of influence in the age of globalization, the US
central bank is finding that its power is shrinking
No Fed chief in US history has been forced to submit to the kind of humiliation that Ben Bernanke is facing.