On the recordFebruary 24, 2010
I congratulate you on those contributions.
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congress.govI congratulate you on those contributions.
Bernanke acknowledges the senator's efforts in improving consumer financial information.
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Congress, I hope, has the foresight to see that interest rates will not be this low forever.
Congress sets the mandate for the Federal Reserve, and so Congress has the right to set the mandate of course any way it likes.
The sizes of deficits and debt matter, of course, but not all tax and spending programs are created equal with respect to their effects on the economy.
The challenge for the Congress and the Administration is to put the Federal budget on a sustainable long-run path that promotes economic growth and stability without unnecessarily impeding the current recovery.