On the recordFebruary 29, 2012
The goal of the Volcker Rule is to reduce risk taking by institutions.
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congress.govThe goal of the Volcker Rule is to reduce risk taking by institutions.
Bernanke explains the purpose of the Volcker Rule regarding risk management.
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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.
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.
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.