The Japanese mistake was not acting quickly enough or aggressively enough, and I think that is not our problem.
Editor's note · Context
Bernanke explains that the U.S. is acting more decisively than Japan did during its crisis.
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Yes, my suggestion to Congress is to consider possibilities that involve somewhat less restraint in the near term and more action to make sure that we are on a sustainable path in the long run.
Although monetary policy is working to promote a more robust recovery, it cannot carry the entire burden of ensuring a speedier return to economic health. The economy's performance both over the near term and the longer run will depend…
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.





