On the recordSeptember 29, 2010
I think it is moving in a very productive direction. It has strengthened capital, raised capital requirements, improved the quality of capital which is very important.
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congress.govI think it is moving in a very productive direction. It has strengthened capital, raised capital requirements, improved the quality of capital which is very important.
Bernanke assesses Basel III positively for strengthening banking stability.
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A significant portion of this effect is related to the automatic spending sequestration that is scheduled to begin on March 1st.
To promote economic growth in the longer term, and to preserve economic and financial stability, fiscal policy makers will have to put the Federal budget on a sustainable long-run path.
I have--you know, it is easy to criticize, but the politics is very difficult.
Although monetary policy is working to promote a more robust recovery, it cannot carry the entire burden of ensuring a speedier return to economic health.