In a letter criticizing the Federal Reserve’s continued involvement in international forums on financial regulation, Rep. Patrick McHenry (R-N.C.) told Fed Chairman Janet Yellen that the agency should cease all negotiations with foreign countries until President Donald Trump has appointed “officials that prioritize America’s best interests.”
A look back at some official comments by Fed members, such as Vice Chairman Stanley Fischer, in recent months indicates that there could be ideological common ground between the Fed and those proposing policy divergence between the U.S. and foreign entities. Read on to find out more.