Coalition to attack plan for Fed powers

By Francesco Guerrera in New York and Tom Braithwaite in Washington

Published: July 15 2009 05:01 | Last updated: July 15 2009 16:12

Barack Obama’s plan to give the Federal Reserve extensive powers over all large US financial groups will be attacked on Wednesday by a coalition of investors, analysts and ex-regulators who say the Fed’s credibility has been “tarnishedâ€