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Economics

Bernanke Returns to Academic Roots to Defend Fed’s Existence

Federal Reserve Chairman Ben S. Bernanke returned to his roots as a university professor today, seeking to explain and justify the existence of the central bank ahead of the 100th anniversary of its founding next year.

Bernanke told 30 students at George Washington University that central banks play a key role in the modern monetary system as guardians of economic and financial stability.