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. The economy's performance both over the near term and the longer run will depend importantly on the course of fiscal policy.
Bernanke emphasized the importance of fiscal policy alongside monetary policy for economic recovery.
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Undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation
Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.
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