On the recordJuly 20, 2011
You need more people to carry out more regulations, write more regulations, and to do just in general a better job of overseeing private sector activity.
Source
congress.govYou need more people to carry out more regulations, write more regulations, and to do just in general a better job of overseeing private sector activity.
Bernanke emphasizes the need for more personnel to effectively implement regulations.
Share
More from Ben Bernanke
We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.
Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.
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.