Federal Reserve Chairman Bernanke Speaks At AEA Annual Meeting

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Jeremy Stein, governor of the U.S. Federal Reserve, speaks at the... News PhotoAnnual Event,Central Bank,Economy,Federal Reserve,Feeding,Finance,Government,Governor,Interest Rate,Meeting,Monetary Policy,North,North America,Philadelphia - Pennsylvania,Politics,Talking,The Americas,USA,VerticalPhotographer Collection: Bloomberg © 2014 Bloomberg Finance LPJeremy Stein, governor of the U.S. Federal Reserve, speaks at the American Economic Association annual meeting in Philadelphia, Pennsylvania, U.S., on Friday, Jan. 3, 2014. Stein said banks that rely on deposits for funding have an advantage over counterparts that rely on the shadow banking system, such as repurchase agreements, to finance investments in illiquid assets. Photographer: William Thomas Cain/Bloomerg