Bernanke says central bank independence essential during periods of QE

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Ben Bernanke, chairman of the Federal Reserve, on Wednesday discussed the importance of maintaining central bank independence, especially during periods when unconventional methods are in operation.

At a conference at the Bank of Japan in Tokyo, Bernanke said political interference in monetary policy can generate undesirable boom-bust cycles that ultimately lead to a less stable economy and higher inflation.

"A government that controls the central bank may face a strong temptation to abuse the

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