It is imperative on all of us as the policymakers, particularly the Congress which is responsible for fiscal policy, to make sure that we do achieve the necessary stabilization that will allow deficits to come down.
Bernanke emphasizes the need for Congress to stabilize fiscal policy.
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I think it is consistent with our mandate and with our current policy to maintain price stability, and that is what we have been achieving.
Financial risk tends to migrate around regulatory obstacles like a river flows around rocks.
Congress did not intend for the Federal regulators to discard the State risk-based capital system in favor of a banking capital regime.
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…
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