On the recordJuly 13, 2011
I would urge Congress to take every step possible to avoid defaulting on the debt or creating even any significant probability of defaulting on the debt.
Source
congress.govI would urge Congress to take every step possible to avoid defaulting on the debt or creating even any significant probability of defaulting on the debt.
Bernanke emphasizes the need for Congress to prevent a debt default.
Share & report
More from Ben Bernanke
As I have mentioned, it is a cost of these policies and it is one that we take very seriously.
We all agree that the burden of regulation falls particularly heavily on small community banks which don't have the resources to manage those regulations very effectively.
Does this need to get done so that institutions know what the appropriate boundaries are?
The point here is to stimulate the economy, create some forward momentum in growth and employment.