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Dean Baker Calls Dodd Bill a Step in Right Direction: Video

Summary:
March 15 (Bloomberg) — Dean Baker, co-director of the Washington-based Center for Economic and Policy Research, talks with Bloomberg’s Carol Massar about Senate Banking Committee Chairman Christopher Dodd’s plan to overhaul financial rules and the role of the Federal Reserve Bank of New York president. The Fed Bank of New York president, who supervises five ...

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March 15 (Bloomberg) — Dean Baker, co-director of the Washington-based Center for Economic and Policy Research, talks with Bloomberg’s Carol Massar about Senate Banking Committee Chairman Christopher Dodd’s plan to overhaul financial rules and the role of the Federal Reserve Bank of New York president.


The Fed Bank of New York president, who supervises five of the seven largest U.S. banks, would be subject to White House appointment and lawmakers approval under the proposed legislation. (Source: Bloomberg)


Dean Baker
Dean Baker is a macroeconomist and codirector of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.

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