Bernanke Says Fed Stood Up to Political Pressure

Federal Reserve Chairman Ben Bernanke said “a willingness to resist political encroachment has been a key strength of the Fed during its first century as the U.S. central bank,” Bloomberg reports.

Said Bernanke: “One value that strikes me as having been at least as important as any other has been the Federal Reserve’s willingness, during its finest hours, to stand up to political pressure and make tough but necessary decisions.”