Bernanke Can Remake Role of Federal Reserve

Federal Reserve chairman Ben Bernanke will have his work cut out for him over the next four years if he receives approval from the Senate to continue in his role.

A report from Bloomberg says that if Bernanke gets the nod from Senators, he will have the opportunity to redefine the role of the Federal Reserve as its powers over the financial markets expands and tries to pull back on the credit surge used to keep the economy stable.

Bloomberg says that among his top agenda items would be elevating the Fed's role in reducing excessive risk in major financial institutions, figuring out how to curtail asset bubbles, and scaling back $1.2 trillion of monetary stimulus.

For the full story, see Bernanke May Redefine Fed Mission in Financial-Market Stability.