welcome
Yahoo Finance

Yahoo Finance

Business

Business & Economics

The White House tightens control over the Fed — but not on rates

Yahoo Finance
Summary
Nutrition label

80% Informative

The White House is tightening its control over how the Federal Reserve regulates big banks as part of a new executive order.

Independent agencies will now submit major regulations to the White House Office of Management and Budget .

The move comes as the Fed 's top banking regulator, Michael Barr , plans to step down from his position by the end of this month .

VR Score

83

Informative language

83

Neutral language

62

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links