Ben Bernanke Quotes
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In these circumstances, the FOMC judged that some further firming of monetary policy may be necessary, an assessment with which I concur.
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The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.
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One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be.
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The greatest single cause of the fiscal surplus of the 1990s was the stock market bubble, which led to an unsustainably high level of economic activity and tax revenues.
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The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes.
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In the tradition of national income accounting, economic policymakers have typically focused on variables such as income, wealth, and consumption.
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If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.
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I am confident that we will meet whatever challenges the future may bring.
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The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.
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A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.
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As we look ahead, core inflation appears likely to remain in the zone of price stability during the remainder of 2004 and into 2005.
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The Federal Reserve cannot solve all the economy's problems on its own.
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However, more recently, there have been signs of some easing of underwriting standards.
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If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would have to respond, and that would either be by increasing domestic demand or by weakening its own currency.
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In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.
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I don't think there are any students who should not be exposed to a basic financial literacy course.
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When historical relationships are taken into account, it is difficult to ascribe the house price bubble either to monetary policy or to the broader macroeconomic environment.
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The most recent evidence ... suggests that the economic expansion remains on track.
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Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.
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In a slow-growing world that is short on aggregate demand, Germany's trade surplus is a problem.
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Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.
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Community banks are generally doing quite well, and I expect that good performance to continue. Neither bankers nor their supervisors should become complacent.
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Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.
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In the past, Federal Reserve chairmen have not generally gone directly to the public.