On the recordJanuary 6, 2011
It is really a question of do we have the political will to do that, and demonstration of the political will, that is what the markets are watching.
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congress.govIt is really a question of do we have the political will to do that, and demonstration of the political will, that is what the markets are watching.
Bernanke emphasizes the importance of political will in economic stability.
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Dodd-Frank has a pretty comprehensive strategy for addressing too-big-to-fail.
We want to deploy it in ways that have the greatest benefit for the least cost.
forcing these activities out of insured depository institutions would weaken both financial stability and strong prudential regulation of derivative activities.
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.