If Fed becomes super regulator, politicians would be its kryptonite

If given broader regulatory authority, the Fed will probably face new challenges in executing its traditional responsibilities and in preserving its independence against political pressure.Risk management ; Federal Reserve System ; Federal Reserve System - Independence

The Federal Reserve seeks to protect consumers

The Federal Reserve plays a key role in protecting consumers when they seek financial services. That role revolves around four pillars: rulemaking, enforcement, community affairs and consumer education.Consumer protection