Bernanke Defends Fed's Economy-Stimulating Policies

Law360, New York (August 24, 2012, 7:14 PM EDT) -- Federal Reserve Chairman Ben Bernanke on Wednesday said the monetary policies of the nation's central bank demonstrate its commitment to promoting price stability and sustainable employment to help a U.S. economy experiencing sluggish growth.

In a six-page letter to House Oversight Committee Chairman Darrell Issa, Bernanke responded to nearly two dozen questions, many of them critical, related to the Fed’s policies on bond market correction, low interest rates and the Fed’s cash reserves. Issa, R-Calif., sent Bernanke the questions Aug. 1. Despite pointing to a variety...
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