We cannot allow ourselves to be in a situation where the debt continues to rise, which leads to an unsustainable situation.
The Senate today confirming Ben Bernanke for a second term as chairman of the Federal Reserve but by one of the smallest margins of all time...
The Fed has been very much engaged in trying to improve credit access for small businesses.
I thank you for the opportunity to appear before you today.
The belief by market participants that some firms may be too big to fail has many undesirable effects.
I think there is an appropriate division of labor: Congress and the administration, fiscal policy; Federal Reserve, monetary policy.
Some of the steps we have taken, like the AIG episode, for example, obviously have hurt the Fed a lot politically.
We do not want any more AIGs. We do not want any more Lehman Brothers.
It is imperative, the most important thing that Congress can do is find a way to solve the 'too big to fail' problem.
I think living wills, while they are not a panacea, can be a useful adjunct to supervision.
The unemployment rate is very high, and it is a tremendous problem, and it obviously means a lot of hardship for a lot of people.