On the recordFebruary 8, 2011
Chairman Bernanke was referring to this view when he cautioned against large and immediate spending cuts.
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congress.govEditor's note · Context
Bernanke warned against immediate spending cuts to avoid economic contraction.
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We haven't had the recovery we would like, but certainly, monetary policy has contributed to growth and reduction of unemployment in the last 3 years.
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I have--you know, it is easy to criticize, but the politics is very difficult.
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