Ben Bernanke actually said...

Congress sets the mandate for the Federal Reserve, and so Congress has the right to set the mandate of course any way it likes.

Bernanke emphasizes Congress's authority over the Federal Reserve's mandate.

05/21/2013

More Ben Bernanke Quotes

It is imperative, the most important thing that Congress can do is find a way to solve the 'too big to fail' problem.

countries that have independent central banks, that make monetary policy without political intervention, have lower inflation, lower interes...

I think living wills, while they are not a panacea, can be a useful adjunct to supervision.

The unemployment rate is very high, and it is a tremendous problem, and it obviously means a lot of hardship for a lot of people.