the legislation, together with stronger regulatory standards for bank capital and liquidity now being developed, will place our financial system on a sounder foundation and minimize the risk of a repetition of the devastating events of the…

Congress certainly has an oversight role.

We have brought interest rates down close to zero. We have had a number of programs to stabilize financial markets.

You are absolutely right.

we have seen many financial institutions improve their remittance services and use that as a way of attracting the interest of minority or immigrant groups.

What we have to determine is which firms are systemically critical.

I think we do still have options, but they are not going to be the conventional options and so we need to look at them carefully and make sure we are comfortable with any step that we take.

Uncertainty and other factors.

I think it will be important for us to develop as many criteria, clear criteria as we possibly can.

I do, and I think that view is widely shared.

the Federal Reserve has been involved a long time in developing better ways of transmitting remittances.

the Congressional Budget Office (CBO) has provided what I think is a reasonable range of estimates of the effects of the ARRA on macroeconomic activity.

It was very important that we have at least some flexibility in order to negotiate and collaborate with our international colleagues.

I think we ought to be shooting for a sustainable path, 3 percent, maybe even less, of GDP as a deficit.

During initial Senate consideration of financial regulatory reform legislation, I was very concerned that State-chartered community banks and small-and medium-sized bank holding companies would no longer be able to choose supervision from…

the available economic evidence suggests that the tax reductions and increases in transfers for households have likely provided support to consumer spending.

businesses in Michigan have cited the interconnectedness of the auto supply chain and the crucial role of stable financing for small businesses

At the Federal Reserve, we have been working to facilitate the flow of funds to creditworthy small businesses.

Ben Bernanke told Washington lawmakers that it will take a significant amount of time to restore lost jobs.

Long periods without work erode individuals' skills and hurt future employment prospects.

The decline in large part reflects sluggish loan demand and the fact that many potential borrowers no longer qualify for credit, both results of the weak economy.

The sooner that you can come to some clarity on the future of Fannie and Freddie, the better.

An earlier resolution would be better, certainly.

I think we would all agree that we don't want companies taking excessive risks when they are protected by the government safety net.

You have to be careful of unintended consequences.