Bernanke: Sustained Growth Always Involves Risk-Taking

Federal Reserve Board chairman Ben S. Bernanke said Thursday it is impossible to prevent all crises, since some risk-taking

is needed for sustained growth and ­stability.

“A growing, dynamic economy requires a financial system that makes effective use of available saving in allocating credit to households and businesses,” Bernanke told the Financial Crisis Inquiry Commission, according to a prepared text. “The provision of credit inevitably involves risk-taking.”

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