Political Quotes

On the recordOctober 3, 2011
Greater scope for market forces to determine the value of the RMB would reduce an important distortion in the Chinese economy.
Said by
Ben Bernanke
Republican · South Carolina

Editor's note · Context

Discussing the impact of China's currency policies on the economy.

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A default by the U.S. Government would be extremely disruptive.

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Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.

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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.

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