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…
Financial Services Committee Fires Back At Yellen
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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