Ben Bernanke: “Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.”

Yes, my suggestion to Congress is to consider possibilities that involve somewhat less restraint in the near term and more action to make sure that we are on a sustainable path in the long run.

Congress did not intend for the Federal regulators to discard the State risk-based capital system in favor of a banking capital regime.

I do think is very important on both humanitarian and also economic basis.

I think it is consistent with our mandate and with our current policy to maintain price stability, and that is what we have been achieving.