Ben Bernanke Quotes
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The best solution to income inequality is providing a high-quality education for everybody. In our highly technological, globalized economy, people without education will not be able to improve their economic situation.
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The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
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In fact, the world needs more nerds.
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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.
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Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.
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To return to levels consistent with price stability in coming quarters.
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The high energy prices are certainly burdening consumer budgets, they are burdening cost structures of firms and certainly continued increases in energy prices are a risk for economic growth going forward.
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It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
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The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
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Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
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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.
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Roger made invaluable contributions to the Federal Reserve and to the country.
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To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.
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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.
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Most of the policies that support robust economic growth in the long run are outside the prov.
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Small businesses have played an important role in fueling past economic recoveries.
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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.
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After several false starts, the economy is showing signs of sustained recovery.
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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.
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In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of the U.S. labor market.
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So far, the effects appear to be relatively modest on growth.
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Not all information is beneficial.
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There's always the possibility that, if there's sufficient uncertainty that we may choose to pause simply to gain more information, to learn better what the true risks are and how the economy's actually evolving.
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The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.