Bernanke: U.S. is engine of growth

Ben Bernanke with Rite Aid chairman and CEO, and new NACDS chairman, John Standley, pictured above

BOSTON — The slow and uneven pace of recovery following the 2008 economic collapse notwithstanding, the United States remains a fundamentally strong engine of economic growth, Ben Bernanke, former Federal Reserve chairman, said on Sunday during the business session.

Bernanke defended the Fed’s decision-making during and after the subprime mortgage and banking debacle six years ago, and called for increased legislative action to empower the Fed and “make sure this doesn’t

happen again.”

“We remain enormously powerful from a technological standpoint,” Bernanke said, with “strong, free markets,” a tradition of entrepreneurship and a young, diverse and growing work force.