Bernanke Says Dodd-Frank Law Is ‘Major Step Forward’
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Federal Reserve Chairman Ben S. Bernanke said the central bank is working “expeditiously” to enact the overhaul of U.S. financial regulation signed into law last year.
“The Dodd-Frank Act is a major step forward for financial regulation,” Bernanke said in the text of testimony prepared for a hearing before the Senate Banking Committee tomorrow and obtained by Bloomberg News. The Fed is working “to ensure that the law is implemented expeditiously and in a manner that best protects the stability of our financial system and economy.”