The Federal Reserve is facing increasing levels of criticism regarding its relationship with major U.S. banks. The Fed said on Thursday that it will review its regulation process. This comes after many critics have suggested that the Fed is becoming to cozy with the financial institutions it is meant to be overseeing. The issues were raised following the Fed's Wall Street bailout during the 2008 financial crisis. The Central bank has said that the review will examine internal culture and the decision making process.The New York Fed president William Dudley announced the inspection on Friday and said that he is working to reorganize the Fed's supervision groups in ways that promote unbiased analysis. Dudley recently gave a speech calling Wall Street's ethical culture unacceptable.