Ben Bernanke Quotes
-
To minimize market uncertainty and achieve the maximum effect of its policies, the Federal Reserve is committed to providing the public as much information as possible about the uses of its balance sheet, plans regarding future uses of its balance sheet, and the criteria on which the relevant decisions are based.
-
As you know, in the latter part of 2008 and early 2009, the Federal Reserve took extraordinary steps to provide liquidity and support credit market functioning, including the establishment of a number of emergency lending facilities and the creation or extension of currency swap agreements with 14 central banks around the world.
-
The inflation objective is explicitly a long-term or medium term objective. It focuses on, for example, core inflation to avoid getting involved in short-term fluctuations in energy prices and the like.
-
Preventing liquidation of an unbalanced market will leave you in tears.
-
Most of the policies that support robust economic growth in the long run are outside the prov.
-
To return to levels consistent with price stability in coming quarters.
-
I do not subscribe to any rigid and mechanical rule ... I intend to be flexible and to learn from experience.
-
Even if the economy recovers smartly for the rest of this year and the next, the ongoing slack in the economy may still lead to continuing disinflation.
-
The biggest downside of my current job is that I have to wear a suit to work. Wearing uncomfortable clothes on purpose is an example of what former Princeton hockey player and Nobel Prize winner Michael Spence taught economists to call 'signaling.'
-
I would argue that no financial instrument counted as regulatory capital should be allowed to receive any protection from losses.
-
We should see better and more direct measurements of economic well being.
-
High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.
-
Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
-
I am very proud of my nerd-dom.
-
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
-
A forecast about the future evolution of policy, not an unconditional commitment.
-
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.
-
Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
-
The Federal Reserve's job is to do the right thing, to take the long-run interest of the economy to heart, and that sometimes means being unpopular. But we have to do the right thing.
-
Now that I'm a civilian again, I can once more comment on economic and financial issues without my words being put under the microscope by Fed watchers.
-
These inflation effects should fade even if energy prices remain elevated, so long as monetary policy keeps inflation expectations well-anchored.
-
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
-
Long term, I have a lot of confidence in the United States. We have an excellent record in terms of innovation. We have great universities that are involved in technological change and progress. We have an entrepreneurial culture, much more than almost any other country.
-
But again, I remain optimistic that the impact on energy from these two events will be limited.