On the recordFebruary 8, 2011
I hope that in addressing our long-term fiscal challenges, the Congress and the Administration will undertake reforms to the Government's tax policies and spending priorities.
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congress.govI hope that in addressing our long-term fiscal challenges, the Congress and the Administration will undertake reforms to the Government's tax policies and spending priorities.
Bernanke emphasizes the need for tax and spending reforms to address fiscal challenges.
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I absolutely agree with Dr. Paul that the Federal Reserve needs to be transparent and it needs to be accountable.
The best way to address the problem, at least in the near term, would be to reform the way those numbers were collected so that the LIBOR rate that was set would be, in fact, an accurate representation.