On the recordFebruary 23, 2009
I think a complete recovery would require a global recovery and that would require----
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congress.govI think a complete recovery would require a global recovery and that would require----
Bernanke emphasizes the need for global recovery for complete financial recovery.
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Dodd-Frank is a very big, complicated piece of legislation in an area proving difficult is the push-out provision for derivatives.
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.
Dodd-Frank has a pretty comprehensive strategy for addressing too-big-to-fail.