I disagree. With so many Americans out of work, and with GDP growth having slowed to less than half of one percent annual rate in the first half of this year, additional actions are needed to strengthen the economy.
Bernanke emphasizes the need for further economic intervention due to high unemployment and slow growth.
Share
More from Ben Bernanke
Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.
The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least in areas such as retraining unemployed workers.
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…
Other voices in this conversation
