We Know What We're Doing, Bernanke Assures Congress

Fed chair defends response to financial crisis
By Nick McMaster,  Newser Staff
Posted Feb 25, 2009 3:00 PM CST
Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee today.   (AP Photo)
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(Newser) – Ben Bernanke defended the government’s response to the financial crisis today before Congress, saying regulators’ various approaches reflect different aspects of a unified strategy, MarketWatch reports. “We’re not making it up,” the Federal Reserve chief said. “We’re working along a program that has been applied in various contexts. We’re not completely in the dark.”