Ben Bernanke Quotes
-
The credibility has begun to inure in the institution. Keeping inflation low and stable is an important precondition for a healthy and sustained economic growth.
-
Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
-
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.
-
There appears to be some possibility that the recent trend toward disinflation will continue, primarily because of the potentially large amount of economic slack in the system.
-
Doing this well requires a deep knowledge of the data mixed with a goodly dose of economic theory and economic judgment, ... Greenspan is, of course, a master.
-
I don't see any significant risk of a recession.
-
Because a person has to be either working or looking for work to be counted as part of the labor force, an increase in the number of people too discouraged to continue their search for work would reduce the unemployment rate, all else being equal - but not for a positive reason.
-
Given the extent of the exposures of major banks around the world to A.I.G., and in light of the extreme fragility of the system, there was a significant risk that A.I.G.'s failure could have sparked a global banking panic.
-
I come from Main Street, from a small town that's really depressed.
-
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
-
There are some petroleum refineries that don't have crude and by allowing them to draw from the Strategic Petroleum Reserve they will be able to produce more gasoline.
-
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
-
There's no magical relationship between inverted yield curves and recession. There's a debate why long-term rates are so low. It's partly a low term premium and a lot of saving looking for a relatively limited number of investments.
-
If you're in a car crash, you're mostly involved in trying to not go off the bridge, and later on you say, 'Oh my God!'
-
To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.
-
The role of liquidity in systemic events provides yet another reason why, in the future, a more system wide or macroprudential approach to regulation is needed.
-
These inflation effects should fade even if energy prices remain elevated, so long as monetary policy keeps inflation expectations well-anchored.
-
I am very proud of my nerd-dom.
-
I am going to begin now a practice of not making recommendations on specific tax and spending proposals.
-
The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.
-
A forecast about the future evolution of policy, not an unconditional commitment.
-
Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.
-
Providing quantitative guidance about the meaning of 'long-term price stability' could have several advantages, including further reducing public uncertainty about monetary policy and anchoring long-term inflation expectations even more effectively.
-
Most of the policies that support robust economic growth in the long run are outside the prov.