Fed’s Bernanke backs financial reforms

Federal Reserve Chairman Ben Bernanke said the central bank in cooperation with other regulators to implement the largest increases of U.S. financial regulation since the 1930s. Applicable law last year aimed at protecting the country from another financial crisis like that which struck in 2008 and plunged the economy into a deep recession. Fed chief testified at the Senate Banking Committee hearing Thursday that work is underway to establish a government body is placed on the Fed to prote

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