On the recordMay 4, 2009
We are very focused--like a laser beam, if I may--on this issue of the exit and making sure that we have price stability in the medium term.
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congress.govWe are very focused--like a laser beam, if I may--on this issue of the exit and making sure that we have price stability in the medium term.
Bernanke emphasizes the importance of maintaining price stability while supporting the economy.
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I think it is consistent with our mandate and with our current policy to maintain price stability, and that is what we have been achieving.
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.