I Believe Deeply That It's Very Important

The Substantial Uncertainty About The Path Of Asset Price Movements Going Forward Necessarily Reduces The Case For Altering Policy In Advance Of The Move.

The Plausible Outcomes Range From The Gradual And Benign To The More Precipitous And Damaging.

There Is A Basic Lesson On Financial Crises That Governments Tend To Wait Too Long, Underestimate The Risks, Want To Do Too Little. And It Ultimately Gets Away From Them, And They End Up Spending More Money, Causing Much More Damage To The Economy.

And I Think It's A Prudent, Responsible Way, Given The Scale Of The Emergency, The Scale Of The Damage Still Facing America, That We Finance These Additional Support For The Unemployed As Well As The Support For Small Business. We Think There's A Good Case For Doing It Now. We Want To Do It In An Overall Fiscally Responsible Way.

The Rest Of The World Needs The U.s. Economy And Financial System To Recover In Order For It To Revive. We Remain At The Center Of Global Economic Activity With Financial And Trade Ties To Every Region Of The Globe.