Issa Says He’ll Focus on Fed in Investigative Role

Thursday, 09 Dec 2010 12:02 PM


(Updates with Bernanke meeting in third paragraph and Warren testimony in fourth and last paragraphs.)

Dec. 9 (Bloomberg) -- U.S. Representative Darrell Issa, incoming chairman of the House Oversight and Government Reform Committee, said he wants to ensure the Federal Reserve is more transparent in its actions.

Speaking on Bloomberg Television today, Issa, a California Republican, said he is concerned that the Fed under Chairman Ben Bernanke is becoming “much more of an activist Fed.”

Issa said he meets with Bernanke this morning in Washington and hopes the Fed chairman will be responsive to the lawmaker’s concerns.

In his new role, Issa said he would expect Elizabeth Warren, who is advising President Barack Obama on establishing the new Consumer Financial Protection Bureau, to testify before his committee if asked.

Obama, appointing Warren to the post, bypassed the Senate confirmation process. The move has been questioned by some Republicans.

--Editors: Brigitte Greenberg, Bob Drummond.

To contact the reporter on this story: Jeff Bliss in Washington at jbliss@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net

© Copyright 2015 Bloomberg News. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved