On the recordJune 2, 2009
We have to restore ourselves to a more balanced fiscal path after addressing the financial and economic crises.
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congress.govEditor's note · Context
Bernanke emphasizes the need for a balanced fiscal path post-crisis.
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It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.
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Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and crowd out private investment and are bad for growth and productivity.
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Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.
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