Ben Bernanke Quotes
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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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The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.
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...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals.
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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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I am particularly pleased to see that the Bendheim Center for Finance is thriving.
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We should see better and more direct measurements of economic well being.
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I am going to begin now a practice of not making recommendations on specific tax and spending proposals.
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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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A forecast about the future evolution of policy, not an unconditional commitment.
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Under a paper-money system, a determined government can always generate higher spending and hence positive inflation.
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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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The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example.
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Not all information is beneficial.
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The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
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I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.
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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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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.
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Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.
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Both humanity's capacity to innovate and the incentives to innovate are greater today than at any other time in history.
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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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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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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.
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When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.