On the recordJune 2, 2009
Part of the reform effort has got to be addressing the cost somehow, the cost of per capita health care and the growth in that rate.
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congress.govPart of the reform effort has got to be addressing the cost somehow, the cost of per capita health care and the growth in that rate.
Bernanke stresses the need to control health care costs in reform efforts.
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Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.
The crisis was an enormous waste of resources, and unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society.
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.