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[Untitled] Policymakers should first - either within a democratized Federal Reserve or in a broader dialogue - determine which sectors of the economy get preferential access to credit. In my view, we should encourage domestic investments in which risks are relatively well understood, and, correspondingly, discourage speculative investments where risks are relatively opaque.
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[Las Vegas Loan Modification Attorney Malik Ahmad] Chairman Ben. Bernankes Speech:: It does seem that, together with our earlier actions to enhance liquidity, the September policy action has served to reduce some of the pressure in financial markets, although considerable strains remain. From the perspective of the near-term economic outlook, the improved functioning of financial markets is a positive development in that it increases the likelihood of achieving moderate growth with price stability.
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