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Archive Home > 2010 > January > 15 > Bernanke defends Fed’s guardian role

Bernanke defends Fed’s guardian role


January 15, 2010

Facing renewed calls from Washington to limit its authority, the Federal Reserve on Thursday defended its role as one of Wall Street’s chief watchdogs and said being able to monitor the health of banks was crucial to setting sound monetary policy.

In a report sent to the Senate banking....

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