The head of the powerful Senate Banking Committee signaled he wants to work with two Democratic critics of the Federal Reserve to fashion legislation aimed at the Fed after a hearing in which lawmakers of both parties attacked the central bank’s record.
“I do see some interests that might be put together hopefully in a legislative package,” Richard Shelby, Republican of Alabama, said Tuesday in a brief interview in Washington, D.C. “What we’re going to do is continue hearings and see what we can fashion or bring together.”
