fed press_conference, 2012-01-25
And to achieve fiscal sustainability over a long period of time, we need to be acting soon—now would be preferable—to making credible commitments to reducing spending, to improving our programs, to modifying or simplifying our tax code, and so on, so as the ways that will be persuasive to the markets or to the public that over the longer term, over the next 10, 20, 30 years, that our fiscal position will be sustainable.
Sentiment: neutral
Topic: fiscal_policy