On the recordJune 6, 2012
Congress needs to step up to the plate.
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congress.govCongress needs to step up to the plate.
Bernanke emphasizes the need for Congress to take action for economic recovery.
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making derivatives safer is very important, part of solving Too Big to Fail and preventing another financial crisis.
The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least in areas such as retraining unemployed workers.
We are working hard with our colleagues to put the Volcker rule into place, and that will restrict proprietary trading.