Ben Bernanke Quotes
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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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To return to levels consistent with price stability in coming quarters.
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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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After several false starts, the economy is showing signs of sustained recovery.
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At some point in the future, the committee may decide to take no action at one or more meetings in the interest of allowing more time to receive information relevant to the outlook.
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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.'
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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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Roger made invaluable contributions to the Federal Reserve and to the country.
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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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In fact, the world needs more nerds.
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A very important factor is the fact that inflation expectations are well-controlled and well-contained, which means that the Federal Reserve, unlike the 70s, doesn't have to react violently in terms of raising interest rates to contain the second- and third-round inflationary impacts. So I remain pretty optimistic about the economy.
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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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These inflation effects should fade even if energy prices remain elevated, so long as monetary policy keeps inflation expectations well-anchored.
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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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Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.
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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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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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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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He lived with us for 24 years, ... He studied with us.
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Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.
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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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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.
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Not all information is beneficial.
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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.