Although monetary policy is working to promote a more robust recovery, it cannot carry the entire burden of ensuring a speedier return to economic health. The economy's performance...
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.
The economy needed help from Congress, if not from additional spending on roads and bridges, for example, then at least ...
the worst financial crisis in global history, including the Great Depression.
The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least...
the unemployment rate right now is not a very good measure by itself of the economy.
You have to have long-term structural changes in the entitlement programs.
Congress did not intend for the Federal regulators to discard the State risk-based capital system in favor of a banking ...
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems
We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities,...
We are working hard with our colleagues to put the Volcker rule into place, and that will restrict proprietary trading.