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Ben Bernanke Sworn In as Chairman of the Fed's Board of Governors

Ben Bernanke was formally sworn in for a second four-year term as chairman of the Fed's Board of Governors at a ceremony Feb. 3 in the atrium of the Board's main building in Washington, D.C. In his remarks, Bernanke discussed the challenges of the current economic climate and reiterated the need for Fed independence and transparency. "In the interest of maintaining public confidence and promoting economic and financial stability, we must continue to protect our independence. At the same time, in a democratic society like our own, institutional independence brings with it fundamental obligations of transparency, responsiveness and accountability. ... We will continue to work with the Congress to ensure maximum transparency of America's central bank, without compromising our ability to conduct policy in the public interest." [More]

Memphis Headlines

02/08 | Exploring Innovation in Community Development Week Announced
02/05 | Regulators Issue Statement on Lending to Creditworthy Small Businesses
02/03 | St. Louis Fed Announces Changes to the Little Rock Branch Board of Directors
02/03 | St. Louis Fed Announces Changes to the Louisville Branch Board of Directors

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The Road to Recovery: Making Choices for Your Community
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From the President

Jan. 10, 2010

The First Phase of the U.S Recovery and Beyond

Bullard In remarks at a conference in Shanghai, St. Louis Fed President James Bullard discussed the economic recovery under way in the U.S. and around the world, several key U.S. monetary policy issues, and the growing need for better analysis and understanding of asset price bubbles.