Crain’s Cleveland Business: Secret Fed recordings get Sen. Sherrod Brown’s attention

News

Crain’s Cleveland Business: Secret Fed recordings get Sen. Sherrod Brown’s attention

If you listened to a recent “This American Life” episode featuring secret recordings made by former Federal Reserve Bank of New York examiner Carmen Segarra, you probably were struck by how easy some Fed officials go on firms like Goldman Sachs.

Sen. Sherrod Brown, D-Cleveland, shares that concern. But he’s in a position to do something about it, so the senator plans to hold a hearing on the New York Fed’s oversight functions.

“That report raised enough questions that we want to know the answers,” Brown tells Bloomberg. “I’m willing to say there’ll be a hearing.”

Read the full article »