Coalition to attack plan for Fed powers
Archived Articles 15 Jul 2009  EWR
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Francesco Guerrera in New York and Tom Braithwaite in Washington

Barack Obama’s plan to give the Federal Reserve extensive powers over all large US financial groups will be attacked on Wednesday by a coalition of investors, analysts and ex-regulators who say the Fed’s credibility has been “tarnished” by its role in contributing to the crisis.

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