Political Quotes

On the recordJuly 17, 2012
If we pursued that policy, it would actually not be helpful toward full employment.
Said by
Ben Bernanke
Republican · South Carolina

Editor's note · Context

Bernanke warns against severe austerity policies affecting employment.

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Right now our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in the global economy, and it is to an extent hurting our recovery.

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It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.

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As I have said many times, I think that fiscal policy is focusing a bit too much on the short run, and not enough on the long run.

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