Bernanke and Geithner defend Fed and aim to preserve independence

12/2/2010 | Bloomberg Businessweek

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner are under increasing pressure as the economic recovery remains weak and unemployment continues to be persistently high. The Fed recently expanded its quantitative-easing program in an effort to bolster the economy, a move that drew attacks worldwide. With the midterm election shifting power toward the Republican Party, Bernanke and Geithner are defending the central bank's moves and girding for battle in an effort to preserve the Fed's independence, according to Bloomberg Businessweek.

View Full Article in:

Bloomberg Businessweek

Published in Brief: