I personally understand this issue because I grew up in an unbanked family.
I do agree with that. Fannie Mae and Freddie Mac are particular problems and issues have to be addressed.
I think it is very appropriate to begin winding it down.
The Congress will have to make those trade-offs.
I would also like to express my gratitude to President Obama for nominating me to a second term as Chairman of the Board of Governors of the...
We have continued to keep interest rates close to zero to try to stimulate growth.
I would not do anything. Those decisions are up to Congress.
The Federal Reserve remains committed to its mission to help restore prosperity and to stimulate job creation while preserving price stabili...
Absolutely not.
I would ask the Congress to consider retaining the 1978 exemption, which is a very wise exemption.
I am not in any way advocating unfair treatment of the elderly who have worked all their lives and certainly deserve our support and help.