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 WASHINGTON (AP) - Lifelong education and skill development are important ingredients to the country's economic vitality, Federal Reserve Chairman Ben Bernanke said Tuesday.
Before taking over the Fed last year, Bernanke, whose professional life was mostly in academia, had spent 17 years teaching economics at Princeton University.
"The economic importance of education will only increase as technology advances and as the global economy becomes increasingly integrated and complex," Bernanke said in brief remarks to the Princeton Prize in Race Relations Awards Program held on Capitol Hill.
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