On the recordFebruary 28, 2011
It is a substantial improvement.
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congress.govIt is a substantial improvement.
Bernanke acknowledges the enhancements in capital quality under Basel 3.
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I would argue that it is not responsible to focus all of the restraint on the very near term and do nothing about the long term.
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.
The Congress and the Administration should consider replacing the sharp, front-loaded spending cuts required by the Sequestration with policies that reduce the federal deficit more gradually in the near-term, but more substantially in the…
As I have mentioned, it is a cost of these policies and it is one that we take very seriously.