Bernanke: Fed won’t rule out leaning against wind

bernanke-nomination

Ben Bernanke, the chairman of the Federal Reserve, on Thursday said the central bank would not rule out using monetary policy to temper asset prices, opposing one of the tenets of the central bank under his predecessor, Alan Greenspan.

Bernanke told lawmakers that financial regulation and supervision tended to provide "more-targeted tools for addressing credit-related problems" and should remain "the first line of defence" against potential threats to financial stability. "Enhancing financial st

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