Posted on 29/06/07
Bernanke stumbles as lawmakers bash Fed over lending
Federal Reserve Board chairman Ben Bernanke is a hero on Wall Street; the same isn't true in Washington.Sixteen months after succeeding Alan Greenspan, the chairman has managed to avert a recession despite a housing collapse and keep inflation drifting lower in the face of $70 (U.S.) oil. At the same time, his relations with Congress are souring as lawmakers threaten to strip some of the Fed's authority to punish it for what they see as lax credit regulation.
The full text of this article has 1021 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
