On the recordOctober 16, 2011
We need to make sure that the recovery continues and doesn't drop back and that unemployment rate continues to fall.
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congress.govWe need to make sure that the recovery continues and doesn't drop back and that unemployment rate continues to fall.
Bernanke emphasized the importance of sustaining economic recovery and reducing unemployment.
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As I have said many times, I think that fiscal policy is focusing a bit too much on the short run, and not enough on the long run.
The crisis was an enormous waste of resources, and unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society.
It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.
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.