-
If two people always agree, one of them is redundant.
Ben Bernanke -
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
Ben Bernanke
-
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.
Ben Bernanke -
Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.
Ben Bernanke -
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.
Ben Bernanke -
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.
Ben Bernanke -
We should see better and more direct measurements of economic well being.
Ben Bernanke -
For practitioners of community development, as in any field, joining a network of like-minded professionals is important for building skills and becoming aware of opportunities and resources.
Ben Bernanke
-
Might have done much more harm than good.
Ben Bernanke -
Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
Ben Bernanke -
Not all information is beneficial.
Ben Bernanke -
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.
Ben Bernanke -
Unfortunately there's nothing, really, that can be done that's going to affect energy prices or gasoline prices in the very short run.
Ben Bernanke -
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.
Ben Bernanke
-
Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets.
Ben Bernanke -
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.
Ben Bernanke -
I would argue that no financial instrument counted as regulatory capital should be allowed to receive any protection from losses.
Ben Bernanke -
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.
Ben Bernanke -
Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.
Ben Bernanke -
The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it.
Ben Bernanke
-
But again, I remain optimistic that the impact on energy from these two events will be limited.
Ben Bernanke -
The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.
Ben Bernanke -
The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
Ben Bernanke -
There are two possible mistakes: One is to go on too long, and one is not to go on long enough. And, it's a very difficult balancing act.
Ben Bernanke