On the recordFebruary 8, 2011
I would simply observe, I think, that we all realize that the Fed's, in effect, running the printing presses perhaps is the best policy alternative they have there right now in this situation.
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congress.govI would simply observe, I think, that we all realize that the Fed's, in effect, running the printing presses perhaps is the best policy alternative they have there right now in this situation.
Lucas discusses the Fed's monetary policy and its implications for the economy.
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Thank you, Mr. Chairman, and thank you, Ranking Member, for holding this hearing, and the witnesses for agreeing to testify.
If the Senate unduly delays the confirmation, we will need another hearing, Mr. Chairman, on the Senate's toxic culture of delay.
As long as it is not contrary to the commitments we have given to the other entities.