The most effective way that the Congress could help to support the economy right now would be to work to address the Nation's fiscal challenges in a way that takes into account both the need for long-run sustainability and the fragility of the recovery.
Bernanke emphasizes Congress's role in addressing fiscal challenges for economic support.
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I would argue that it is not responsible to focus all of the restraint on the very near term and do nothing about the long term.
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 unemployment rate right now is not a very good measure by itself of the economy.
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.
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