On the recordJuly 20, 2010
the available economic evidence suggests that the tax reductions and increases in transfers for households have likely provided support to consumer spending.
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congress.govthe available economic evidence suggests that the tax reductions and increases in transfers for households have likely provided support to consumer spending.
Bernanke highlights the positive impact of tax cuts and transfers on consumer spending.
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We have not been able to identify with accuracy the quantitative impact of uncertainty about policy.
The point here is to stimulate the economy, create some forward momentum in growth and employment.
We want to deploy it in ways that have the greatest benefit for the least cost.
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