Coalition to attack plan for Fed powers

Archived Articles | 15 Jul 2009 | EWR

Francesco Guerrera in New York and Tom Braithwaite in Washington FT.com

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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