On the recordJuly 20, 2010
I think we ought to be shooting for a sustainable path, 3 percent, maybe even less, of GDP as a deficit.
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congress.govI think we ought to be shooting for a sustainable path, 3 percent, maybe even less, of GDP as a deficit.
Bernanke advocates for a sustainable deficit target for economic stability.
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Congress, I hope, has the foresight to see that interest rates will not be this low forever.
We want to deploy it in ways that have the greatest benefit for the least cost.
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.