On the recordDecember 2, 2009
Some of the steps we have taken, like the AIG episode, for example, obviously have hurt the Fed a lot politically.
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congress.govSome of the steps we have taken, like the AIG episode, for example, obviously have hurt the Fed a lot politically.
Bernanke acknowledges that certain actions have politically damaged the Federal Reserve.
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monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems
As I have said many times, I think that fiscal policy is focusing a bit too much on the short run, and not enough on the long run.