On the recordFebruary 28, 2011
Yes, except in the worst economic conditions.
Source
congress.govYes, except in the worst economic conditions.
Bernanke affirms that strong banks generally survive under good management.
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the worst financial crisis in global history, including the Great Depression.
The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least in areas such as retraining unemployed workers.
Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.