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Brady, a Republican who represents a Houston-area district, would be one of the key lawmakers in an effort to reshape the central bank in the House. He is the top House member on the Joint Economic Committee, and in that role has developed a number of possibilities for overhauling the way that the Fed controls the money supply and affects the cost of credit in the U.S. The possibility of change coming to the Fed is as realistic now as it has been in years, with the Senate Banking Committee having passed a banking reform package that would make several changes to the operations of the central bank. Comment?
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