Given how important robust payment and settlement systems are to financial stability, a good case can be made for granting the Federal Reserve explicit oversight authority for systemically important payment and settlement systems.
Bernanke emphasizes the need for Federal Reserve oversight on payment systems for financial stability.
Share & report
More from Ben Bernanke
It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.
The point here is to stimulate the economy, create some forward momentum in growth and employment.
the CBO agrees that the Federal Reserve's balance sheet policies are with very high probability going to be a very significant boom to the taxpayer in terms of returns to the Treasury.
It was not evident that Section 716 makes the company as a whole safer, and what we do see is that it will likely increase costs to people who use the derivatives and make it more difficult for the bank to compete with foreign competitors…
Other voices in this conversation
