monetary policy independence is very important for the stability of our economy and our financial markets.
Editor's note · Context
Bernanke stresses the importance of maintaining independence in monetary policy for economic stability.
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Right now our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in the global economy, and it is to an extent hurting our recovery.
an increasing share of losses have arisen from prime mortgages that were originally fully documented with significant downpayments, but have defaulted due to the weak economy and housing markets.
As I have mentioned, it is a cost of these policies and it is one that we take very seriously.
If it doesn't achieve the objective of eliminating too-big-to-fail, I think we ought to come back and decide or ask Congress whether they might take additional steps.





