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Archive Home > 2010 > March > 18 > Bernanke argues for Fed to keep its regulatory powers

Bernanke argues for Fed to keep its regulatory powers

Agency’s chief fights back against lawmaker’s proposal to reduce its role in oversight of banks

By Jim Puzzanghera / The Bulletin
March 18, 2010

WASHINGTON — Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday that regulatory failures by the central bank helped trigger the financial crisis, but that doesn’t mean they should strip the agency of much or all of its oversight of individual banks.

The Fed has been under intense....

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