We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
More Quotes from John W. Snow:
Inflation is still pretty well in check. We do have energy prices that are unwelcome, too high. I hope Congress can take some action on that.John W. Snow
We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.
John W. Snow
The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.
John W. Snow
But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.
John W. Snow
We continue to have a strong dollar policy we continue to support the strong dollar policy. It's been our policy and will continue to be our policy.
John W. Snow
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