On the recordFebruary 28, 2011
I do not believe that there is a dangerous bubble in U.S. financial markets.
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congress.govI do not believe that there is a dangerous bubble in U.S. financial markets.
Bernanke reassures there are no significant bubbles in financial markets.
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It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.
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.
undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation