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Posted: 8:59 AM Mar 20, 2010
Bernanke Wants to Keep Fed as watchdog of small US banks
Federal Reserve Chairman Ben Bernanke is making a fresh pitch for the Fed to retain its oversight of small banks.
Reporter: Associated Press |
Federal Reserve Chairman Ben Bernanke (AP / file)
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WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke is making a fresh pitch for the Fed to retain its oversight of small banks.
Bernanke says that what the Fed learns from overseeing those
banks helps it assess the overall health of the entire U.S.
financial system.
The Fed chief is weighing in against a Senate proposal that
would scale back the Fed's banking duties.
Bernanke's remarks came in a speech Saturday at the Independent Community Bankers of America's meeting in Orlando, Fla.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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