On the recordSeptember 29, 2010
Remittances are an important contact point between many unbanked, particularly immigrant families and the financial system.
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congress.govRemittances are an important contact point between many unbanked, particularly immigrant families and the financial system.
Bernanke discusses the significance of remittances for unbanked immigrant families.
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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.
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.