Acting now to develop a credible program to reduce future deficits would not only enhance economic growth and stability in the long run.
I think in some cases that has been the case, and that as I have said, the Federal Reserve, we understand--we have a responsibility to keep ...
Foreclosures continue to be very high. There have been sincere government efforts to try to address the problem.
It is not our intention to do anything in particular on the international front.
The Commission plan was also important because it showed how to reduce the deficit and debt in a balanced way.
Nobody doubts the United States has the economic capacity to pay its bills. It is really a question of do we have the political will to do t...
we have a strong commitment to community banks, and we have, in fact, recently increased our schedule of direct meetings with the Board with...
It is really a question of do we have the political will to do that, and demonstration of the political will, that is what the markets are w...
I believe the deficit and debt reduction plan assembled by the President's Fiscal Commission provides one way forward, and I want to emphasi...
we, the American people, the Congress needs to demonstrate a credible commitment to solving the long-term fiscal problems.
Absent any action, the debt-to-GDP ratio is going to be not only rising but rising at an increasing pace.
We do not want banks making bad loans. That is how we got in trouble in the first place.
It would be the better part of valor to take action now to make sure that we do not get too close to that point.
monetary policy independence is very important for the stability of our economy and our financial markets.
I do think that an important priority for us as a country and for the Congress from a fiscal point of view is to think about what we can do ...
We do have a plan, and like--I have tremendous respect for Chairman Volcker.
I do very much urge this committee to look for strong and credible actions to control the Federal debt.
We think the current mandate is workable.
