Shock News!!!! Fed Resists Transparency!!!!!

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Funny stuff!!!

Fed Chair Yellen won’t provide some documents in leak probe

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen is balking at turning over some of the documents ordered by a key House lawmaker in his investigation of a possible leak of market-sensitive information.

Yellen has told Rep. Jeb Hensarling, R-Texas, who heads the House Financial Services Committee, that she can’t provide some documents sought by his subpoena because doing so could jeopardize a criminal investigation by the Justice Department and the Fed’s watchdog inspector general. Yellen said the inspector general has told the Fed that the documents in question — which include records related to an earlier internal review by the Fed’s general counsel — should not be provided.

“The Federal Reserve is mindful that we must not impede that open criminal investigation,” Yellen wrote in a letter to Hensarling Thursday.

The move escalated a months-long battle between…

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