On the recordJanuary 6, 2011
We think the current mandate is workable.
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congress.govWe think the current mandate is workable.
Bernanke supports maintaining the Federal Reserve's dual mandate.
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We all agree that the burden of regulation falls particularly heavily on small community banks which don't have the resources to manage those regulations very effectively.
We want to deploy it in ways that have the greatest benefit for the least cost.
My concern is about defaulting on the debt, and for me that is a very high priority so a debt prioritization bill would help on that count very much.
forcing these activities out of insured depository institutions would weaken both financial stability and strong prudential regulation of derivative activities.