On the recordJuly 13, 2011
I think they view this whole situation... as being a political issue and not an economic issue.
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congress.govI think they view this whole situation... as being a political issue and not an economic issue.
Bernanke emphasizes the political nature of fiscal issues.
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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.
We have not been able to identify with accuracy the quantitative impact of uncertainty about policy.
Congress, I hope, has the foresight to see that interest rates will not be this low forever.