On the recordJuly 20, 2010
I think it will be important for us to develop as many criteria, clear criteria as we possibly can.
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congress.govI think it will be important for us to develop as many criteria, clear criteria as we possibly can.
Bernanke emphasizes the need for clear criteria in determining systemic risk.
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undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation
Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and crowd out private investment and are bad for growth and productivity.
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.