Bernanke Says Fed Would Work With Congress on Governance

Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank is willing to work with Congress on a bill that would remove bank executives from the boards of regional Fed banks.

“If Congress wants to change it, of course we will” work with lawmakers, Bernanke said today in response to a question from Senator Bernie Sanders, an Independent from Vermont, during an appearance at the Joint Economic Committee. “Congress set this up,” and “we’ve made it into something useful and valuable.”