On the recordFebruary 28, 2011
Obviously, as Senator Shelby has pointed out, it is important for us to get back to a more normal size of our balance sheet.
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congress.govObviously, as Senator Shelby has pointed out, it is important for us to get back to a more normal size of our balance sheet.
Bernanke emphasizes the need to normalize the balance sheet size.
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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.
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems
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.