Financial Services Committee Fires Back At Yellen

After Federal Reserve Chair Janet Yellen said in a letter that she would not provide information relating to a Congressional subpoena issued by the House Financial Services Committee, the action is being termed as “resistant to accountability” and characterized as “unacceptable and disturbing” by a congressional staffer on that committee.

Financial Services Committee: "Fed once again is acting in a manner that can only be characterized as resistant to accountability, transparency and oversight; unacceptable and disturbing"

The issue centers around an October 2012 leak regarding confidential and market moving Federal Open Market Committee deliberations to Medley Global Advisors, a newsletter publisher known to have close...