Poll of Global Investors Claims Auditing the Fed Would Undermine U.S. Economy

Poll of Global Investors Claims Auditing the Fed Would Undermine U.S. Economy

Jan. 21 (Bloomberg) — Investors say Congress would undermine the U.S. economy by clamping down on the Federal Reserve and predict that taxes on bank bonuses would persuade companies to move to friendlier jurisdictions.

More than half the respondents in a quarterly poll of investors and analysts who are Bloomberg subscribers said that increased congressional oversight would open the U.S. central bank to political influence and hurt the Fed