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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.
Ben Bernanke -
Most of the policies that support robust economic growth in the long run are outside the prov.
Ben Bernanke
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After several false starts, the economy is showing signs of sustained recovery.
Ben Bernanke -
The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.
Ben Bernanke -
The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
Ben Bernanke -
Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.
Ben Bernanke -
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.
Ben Bernanke -
Well, optimism's a good thing. It - makes people go out and - you know, start businesses and spend and do whatever is necessary to get the economy going.
Ben Bernanke
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I am very proud of my nerd-dom.
Ben Bernanke -
Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.
Ben Bernanke -
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.
Ben Bernanke -
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.
Ben Bernanke -
Of course, a decision to take no action at a particular meeting does not preclude action at subsequent meetings.
Ben Bernanke -
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
Ben Bernanke
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The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
Ben Bernanke -
I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.
Ben Bernanke -
Preventing liquidation of an unbalanced market will leave you in tears.
Ben Bernanke -
Following an extended boom in housing, the demand for homes began to weaken in mid-2005. By the middle of 2006, sales of both new and existing homes had fallen about 15 percent below their peak levels. Homebuilders responded to the fall in demand by sharply curtailing construction.
Ben Bernanke -
I am particularly pleased to see that the Bendheim Center for Finance is thriving.
Ben Bernanke -
I am going to begin now a practice of not making recommendations on specific tax and spending proposals.
Ben Bernanke
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In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Ben Bernanke -
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.
Ben Bernanke -
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.
Ben Bernanke -
We benefit from foreign direct investment. Many Americans are employed by foreign companies with plants in the United States, for example in the automobile industry. So, trade is a two way street. I think, it is important to protect Americans who lose their jobs, or whose jobs come under pressure from international trade. But, I think, we need to be careful not to embrace economic isolationism.
Ben Bernanke