Exclusive: U.S. watchdog to probe Fed?s lax oversight of Wall Street

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Exclusive: U.S. watchdog to probe Fed?s lax oversight of Wall Street
NEW YORK (Reuters) - A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank.
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