Bernanke stresses importance of Fed independence

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The chairman of the Federal Reserve, Ben Bernanke, on August 7 highlighted the need for central banks to carry out their work without political influence.

Speaking to financial educators all over the US via a live webcast, Bernanke said: "One of the basic findings of research about central banks is that it really helps the economy to have a strong and independent central bank, one that can make monetary policy decisions without being influenced by short-term political pressures."

The chairman

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