Bernanke Says U.S. Needs to Relearn Value of Budget Discipline

Federal Reserve Chairman Ben S. Bernanke said the U.S. should learn from the success of many emerging market economies and support strong economic growth through responsible fiscal policy.

“Advanced economies like the United States would do well to re-learn some of the lessons from the experiences of the emerging market economies, such as the importance of disciplined fiscal policies,” Bernanke said in prepared remarks for a speech today in Cleveland.