Bernanke Defends Fed From Congressional Critics

The Federal Reserve can be trusted with protecting consumers and overseeing massive companies whose collapse could pose a risk to the overall economy, the central bank's chief Ben Bernanke said Thursday. In his opening statement at a hearing of the House Financial Services committee, Bernanke told lawmakers that the Fed is "well suited" to supervise large, interconnected firms. As part of sweeping financial regulatory reform measures currently under discussion in Congress, the Obama...Full Story
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