If actions taken by the administration, the Congress and federal government are successful in restoring some measure of financial stability, and only if that is the case, in my view, there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.
Federal Reserve Chairman Bernanke discusses the potential for recovery if government actions are successful.
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It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.
Our mission as set forth by the Congress is a critical one: to preserve price stability; to foster maximum sustainable growth in output and employment; and to promote a stable and efficient financial system that serves all Americans well…
making derivatives safer is very important, part of solving Too Big to Fail and preventing another financial crisis.
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