Ben Bernanke: “most economists agree that the Chinese currency is undervalued and has been used to promote a more export-oriented…”

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.

Opening schools is more important.

Our mission as set forth by the Congress is a critical one: to preserve price stability; to foster maximum sustainable growth in output and employment; and to promote a stable and efficient financial system that serves all Americans well…

It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.