Lawmakers grill Fed chair on oversight of financial system during contentious hearing

November 4, 2015 5:31 PM

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Federal Reserve Chair Janet Yellen is in the hot seat on Capitol Hill Wednesday, Nov. 4 as she testifies before the House Financial Services committee. (AP)

Federal Reserve Chair Janet Yellen on Wednesday defended the central bank’s tighter oversight of the financial system as essential for a stronger banking system during a contentious hearing on Capitol Hill.

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