Ben Bernanke Quotes
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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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After several false starts, the economy is showing signs of sustained recovery.
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The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
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Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
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I am very proud of my nerd-dom.
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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.
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Not all information is beneficial.
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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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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.
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Might have done much more harm than good.
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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.
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If you're in a car crash, you're mostly involved in trying to not go off the bridge, and later on you say, 'Oh my God!'
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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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I would argue that no financial instrument counted as regulatory capital should be allowed to receive any protection from losses.
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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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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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History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
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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.
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He lived with us for 24 years, ... He studied with us.
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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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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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The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
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I am particularly pleased to see that the Bendheim Center for Finance is thriving.
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Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.