On the recordDecember 2, 2009
I would ask the Congress to consider retaining the 1978 exemption, which is a very wise exemption.
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congress.govI would ask the Congress to consider retaining the 1978 exemption, which is a very wise exemption.
Bernanke urges Congress to maintain the exemption on auditing monetary policy.
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A significant portion of this effect is related to the automatic spending sequestration that is scheduled to begin on March 1st.
Dodd-Frank has a pretty comprehensive strategy for addressing too-big-to-fail.
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.