On the recordFebruary 28, 2011
I do not agree with the view that this is likely to lead to another crisis.
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congress.govI do not agree with the view that this is likely to lead to another crisis.
Bernanke expresses confidence in the improvements made to capital standards.
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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.
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.
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.