I would also like to express my gratitude to President Obama for nominating me to a second term as Chairman of the Board of Governors of the Federal Reserve System and for his support for a strong and independent Federal Reserve.
Bernanke thanks Obama for his nomination and support for the Federal Reserve.
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Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.
I think it is consistent with our mandate and with our current policy to maintain price stability, and that is what we have been achieving.
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