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Edwards' Statement on H.R. 459, the Federal Reserve Transparency Act


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"The independence of the Federal Reserve is essential to fulfilling its dual mandate, set by Congress, of price stability and employment. Additionally, the Government Accountability Office already conducts robust and regular oversight, which Congress expanded two years ago when I voted for the passage of Dodd-Frank and sweeping Wall Street reform. At a time when our economy is recovering, it would be unwise to degrade the independence of the Federal Reserve and subject it to an ever-changing political environment."

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