Lawrence Baxter

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There are high hopes that the new head of the Fed, Janet Yellen, will change the culture at the central bank and the lenders it regulates. IMF/Flickr via CC BY-NC-ND

Banking tail often wags the Fed’s regulatory dog

Lawrence Baxter, Duke University

Federal Reserve Chair Janet Yellen has her work cut out for her if she hopes to change the culture at the world’s most important central bank. Media reports abound with evidence that the financial industry…

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