Bernanke builds political ties to defend Fed's independence:

11/11/2009 |

Caught between populist anger from the left and suspicion from the right, Federal Reserve Chairman Ben Bernanke has in recent months worked hard to build personal and political ties with individual members of Congress. Bernanke was initially spurred to action by a bill from U.S. Rep. Ron Paul, R-Texas, that would direct the Government Accountability Office to conduct a wide-ranging audit of the Federal Reserve, including its bailout of companies. Nearly 300 House members and 30 senators signed on to support the bill. Bernanke said the measure would put the central bank's independence in jeopardy.

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