That jobs will be lost, the unemployment rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will not just be able to recover in a normal, healthy way, no matter what other policies are taken.
Ben Bernanke warns of the dire consequences if action is not taken quickly regarding the economic crisis.
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making derivatives safer is very important, part of solving Too Big to Fail and preventing another financial crisis.
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…
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…
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems
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