On the recordJuly 20, 2010
Congress certainly has an oversight role.
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congress.govCongress certainly has an oversight role.
Bernanke acknowledges Congress's role in overseeing regulatory actions.
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I sincerely believe our central bank's actions have provided critical support for our Nation's economic recovery.
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.
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.