On the recordMay 11, 2011
I cannot say with certainty, but I think there is good reason to be concerned about it.
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congress.govI cannot say with certainty, but I think there is good reason to be concerned about it.
Bernanke expresses uncertainty about the effectiveness of the Durbin amendment for community banks.
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Our mission as set forth by the Congress is a critical one: to preserve price stability; to foster maximum sustainable growth in output and employment; and to promote a stable and efficient financial system that serves all Americans well…
Congress, I hope, has the foresight to see that interest rates will not be this low forever.
Yes, my suggestion to Congress is to consider possibilities that involve somewhat less restraint in the near term and more action to make sure that we are on a sustainable path in the long run.