Highlights from Bernanke's testimony this morning

Here are some preliminary remarks from Bernanke for you to consider in preparing for class on Friday. Remember to bring in as homework an opinion article on the role of the Fed. You can read all of Bernanke's prepared remarks here.

Here is another article that gives a little more context.

The key question is: should the Fed be more closely regulated by Congress, or should it actually be given MORE independent regulatory authority? And, of course, why or why not?