Ben Bernanke actually said...

Broadly speaking, fiscal policy both at the Federal and the State and local level is now contractionary.

All we can try to do is try to smooth out periods where the economy is depressed because of lack of demand.

I think everything in the bill is basically fine except for getting rid of this exemption for monetary policy deliberations and operations.

It is possible that some of these regulations have some impact on the cost of credit, but there has been a lot of analysis that suggests tha...