U.S. Fed widens scope to avert crisis, Bernanke says

05/12/2013 | Crain's Chicago Business

The U.S. Federal Reserve is moving beyond banks to include such systemically important actors as asset markets and the nonfinancial sector, including consumers and businesses, as it seeks to avert yet another financial crisis, Chairman Ben Bernanke said. "Our financial system -- despite significant healing over the past four years -- continues to struggle with the economic, legal and reputational consequences of the events of 2007 to 2009," Bernanke said at a gathering in Chicago.

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