Bernanke Defends Fed Actions At Confirmation Hearing

Law360, New York (December 3, 2009, 4:05 PM EST) -- U.S. Federal Reserve Chairman Ben Bernanke defended his handling of the economic crisis during a U.S. Senate confirmation hearing Thursday, admitting some missteps while urging Congress to preserve the Fed's independence and bank oversight as it considers regulatory reform.

Bernanke, nominated for a second term at the helm of the central bank by President Barack Obama, faced tough questions from senators during his reappointment hearing before the U.S. Senate Banking Committee over both his performance steering the country through economic turmoil and his perception of draft...
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