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Financial Regulation Bill: Federal Reserve Wins Greater Role in Overhaul

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After fending off most challenges to its independence and winning new powers to oversee big financial firms, the Federal Reserve has emerged from a bruising debate on the overhaul of U.S. financial rules as perhaps the pre-eminent regulator in the sector. But that could only bring it added blame if things go wrong again.

via Financial Regulation Bill: Federal Reserve Wins Greater Role in Overhaul – WSJ.com.

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