Analysis: Bernanke's mandate includes financial stability

04/23/2012 | AmericanBanker.com (free registration)

Federal Reserve Chairman Ben Bernanke is focusing on financial stability as a key goal, along with the Fed's traditional mandates of price stability and unemployment. Mr. Bernanke is pursuing financial stability out of necessity, in part, because of regulations required in the Dodd-Frank Act. Analysts say his legacy will depend on his success in stabilizing the financial system. "It's become the unofficial third goal," said Margaret Tahyar, a partner at Davis Polk & Wardwell.

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