WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday that a population that better understands financial concepts will help the nation withstand financial shocks.
"Consumers who make informed decisions about financial products and services not only serve their own best interests, but collectively, help promote broader economic activity," he said in prepared remarks to a town hall meeting at the Fed on financial education.
Bernanke did not comment on the outlook for monetary policy or the economy in prepared text.
(Reporting By Mark Felsenthal; Editing by Neil Stempleman)
Updated Date: Aug 08, 2012 00:45 AM