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Fed's Bernanke says backs U.S. financial reforms
February 16, 2011 / 11:08 PM / 7 years ago

Fed's Bernanke says backs U.S. financial reforms

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said the Fed supports the sweeping Dodd-Frank financial regulatory overhaul and is moving swiftly to put its provisions into action.

<p>Chairman of the Federal Reserve Ben Bernanke testifies on the state of the U.S. economy before the House Budget Committee on Capitol Hill in Washington February 9, 2011. REUTERS/Kevin Lamarque</p>

“Dodd-Frank is a major step forward for financial regulation in the United States,” Bernanke said in congressional testimony obtained by Reuters on Wednesday.

Bernanke is due to speak about regulation before the Senate Banking committee on Thursday. His prepared text made no mention of the outlook for the economy or monetary policy.

Reporting by Mark Felsenthal

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