On the recordMarch 15, 2009
We've seen some progress in financial markets, absolutely. But until we get that stabilized and working normally we're not going to see recovery. But we do have a plan. We're working on it.
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transcripts.cnn.comWe've seen some progress in financial markets, absolutely. But until we get that stabilized and working normally we're not going to see recovery. But we do have a plan. We're working on it.
Bernanke discusses the current state of financial markets and the Federal Reserve's plan for recovery.
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Does this need to get done so that institutions know what the appropriate boundaries are?
Dodd-Frank is a very big, complicated piece of legislation in an area proving difficult is the push-out provision for derivatives.
As I have mentioned, it is a cost of these policies and it is one that we take very seriously.