Federal Reserve supports Dodd-Frank financial overhaul

Ben Bernanke, chairman of the US Federal Reserve, said that the central bank supports the Dodd-Frank financial regulatory overhaul and is moving swiftly to put its provisions into action.

"Dodd-Frank is a major step forward for financial regulation in the United States," Bernanke said in congressional testimony on Wednesday.

Bernanke is due to speak about regulation before the Senate Banking committee on Thursday. His prepared text made no mention of the outlook for the economy or monetary policy.