On the recordJuly 17, 2012
If we pursued that policy, it would actually not be helpful toward full employment.
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congress.govIf we pursued that policy, it would actually not be helpful toward full employment.
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.
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems
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.