On the recordJuly 16, 2012
I think those things are extremely important.
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congress.govI think those things are extremely important.
Bernanke emphasizes the importance of fiscal reform and quality of fiscal policy.
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As I have mentioned, it is a cost of these policies and it is one that we take very seriously.
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 challenge for the Congress and the Administration is to put the Federal budget on a sustainable long-run path that promotes economic growth and stability without unnecessarily impeding the current recovery.