RSSBernanke makes case for new Fed term
From: The Washington Times | December 3, 2009
Federal Reserve Chairman Ben S. Bernanke on Thursday offered a strong defense of his handling of last year's near collapse of the economy, telling a Senate panel considering his pending reconfirmation that his actions helped avert an even greater crisis. The nation's central banker added that his agency has the necessary tools to further repair the still wobbly economy -- an implicit push back at congressional proposals to curtail the Federal Reserve's regulatory powers. "As severe as the effects of the crisis have been, however, the outcome could have been markedly worse without the strong actions taken by the Congress, ...
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