It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.
Our goals are Main Street, our goals are jobs, our goals are low inflation.
I would argue that it is not responsible to focus all of the restraint on the very near term and do nothing about the long term.
Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.
I think it is consistent with our mandate and with our current policy to maintain price stability, and that is what we have been achieving.
Congress sets the mandate for the Federal Reserve, and so Congress has the right to set the mandate of course any way it likes.
It's no way to run a railroad.
The political challenge is to figure out how to do that.
My concern is about defaulting on the debt, and for me that is a very high priority so a debt prioritization bill would help on that count v...
If we are really interested in growing the economy, what we need to do is demonstrate that we can govern.
forcing these activities out of insured depository institutions would weaken both financial stability and strong prudential regulation of de...