Bernanke Says News Articles on Fed Aid Have ‘Egregious’ Errors
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Federal Reserve Chairman Ben S. Bernanke said recent news articles about the central bank’s emergency lending contain “egregious errors.”
“The articles recycle information that has been disclosed to the Congress and the American people in various forms for some time,” Bernanke said in letters to Senate Banking Committee Chairman Tim Johnson and the three other senior lawmakers who oversee the Fed. The Fed posted the letters and an accompanying four-page staff memo on its website today.