“The adoption of a regulatory and supervisory approach with a heavier macroprudential focus has a strong rationale, but we should be careful about over-promising, as we are still rather far from having the capacity to implement such an approach in a thoroughgoing way. The Federal Reserve will continue to work with the Congress, other regulators, and the private sector to explore this and other strategies to increase financial stability.” — Fed Chairman Ben S. Bernanke addressing the Kansas City FRB’s annual economic symposium in Jackson Hole, Wyoming.