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Sunday, November 29, 2009

Bernanke Says Limiting Fed Independence Would ‘Impair’ Economy - Bloomberg.com

From Bloomberg:

"Federal Reserve Chairman Ben S. Bernanke said curbing the central bank’s authority to supervise the banking system and tampering with its independence would “seriously impair” economic stability in the U.S.
“A number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core functions,” the Fed chairman said in a commentary in today’s Washington Post. The measures “would seriously impair the prospects for economic and financial stability in the U.S.”"

Read Here: Bernanke Says Limiting Fed Independence Would ‘Impair’ Economy - Bloomberg.com:

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