On the recordFebruary 28, 2011
If you do not do that, it would have very negative effects on financial markets and on our economy.
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congress.govIf you do not do that, it would have very negative effects on financial markets and on our economy.
Warning about the consequences of not addressing the debt limit.
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More from Ben Bernanke
Although monetary policy is working to promote a more robust recovery, it cannot carry the entire burden of ensuring a speedier return to economic health.
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.
forcing these activities out of insured depository institutions would weaken both financial stability and strong prudential regulation of derivative activities.
A significant portion of this effect is related to the automatic spending sequestration that is scheduled to begin on March 1st.