Bernanke Testifies to Senate Banking (Statement)

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Feb. 26 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke testifies about the U.S. economy and Fed policy before the Senate Banking Committee in Washington. Bernanke, defending the central bank’s unprecedented asset purchases said, “we do not see the potential costs of the increased risk-taking in some financial markets as outweighing the benefits of promoting a stronger economic recovery." (This is Bernanke's prepared statement. Source: Bloomberg)