Richard Perry/The New York Times
President Obama met Wednesday with regulators at the White House. At right are Ben S. Bernanke, chairman of the Federal Reserve, and Sheila C. Bair, chairwoman of the F.D.I.C.
WASHINGTON — No sooner had President Obama proposed a new regulatory road map for the country’s financial system on Wednesday than senior lawmakers expressed reservations about one of the plan’s central elements — to broadly expand the reach of the Federal Reserve to regulate financial risk across the entire system.
Some Lawmakers Question Expanded Reach for the Fed – New York Times
