Chairman Bernanke initiated press conferences in 2011 as one of a number of steps to make the Federal Reserve more transparent and accountable, and I promise to build on his legacy. Since 2010, when Chairman Bernanke stood where I stand today, we have made considerable progress. The economy is stronger and the financial system is sounder.
We have come a long way, but we have farther to go. More work lies ahead to complete implementation of Congress’ plan for strengthening financial regulation, the Dodd-Frank Act. I promise to stay focused on moving that process forward as quickly and responsibly as possible and to verify that these reforms are meeting the goal of safeguarding the financial system.