Ben S Bernanke: Productivity Remarks by Mr Ben S Bernanke, Member of the Board of Governors of the US Federal Reserve System, at the C Peter McColough Roundtable Series on International Economics, Council on Foreign Relations, 19 January 2005. The references for the speech can be found on the Board of Governors of the Federal Reserve System’s website.
Finally, while fiscal effects are important, the full effect of the FOMC’s policies also includes important additional benefits of increased economic growth and employment and of greater price stability.