On the recordFebruary 23, 2009
But I do believe that our major banks have significant franchise values.
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congress.govBut I do believe that our major banks have significant franchise values.
Bernanke asserts the value of major banks despite challenges.
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undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation
Right now our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in the global economy, and it is to an extent hurting our recovery.
It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems