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    Wednesday, November 11, 2009

    Sen. Dodd Says Fed Should Return To Core Functions

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    By Robert Schroeder
    MarketWatch Pulse
       

      WASHINGTON -- Senate Banking Committee Chairman Christopher Dodd, D-Conn., said Wednesday that he wants the Federal Reserve to return to its "core functions" of monetary policy and being a lender of last resort. Dodd unveiled a reform bill on Tuesday that would give the Fed a much smaller role in banking oversight. He defended the bill in a CNBC interview on Wednesday and said he'd begin a bill-writing session in about three weeks.

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