Ben Bernanke Quotes
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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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Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.
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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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Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
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Small businesses have played an important role in fueling past economic recoveries.
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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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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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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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A forecast about the future evolution of policy, not an unconditional commitment.
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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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Not all information is beneficial.
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I am particularly pleased to see that the Bendheim Center for Finance is thriving.
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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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He lived with us for 24 years, ... He studied with us.
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Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.
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We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.
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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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...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 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.
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But again, I remain optimistic that the impact on energy from these two events will be limited.
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Might have done much more harm than good.
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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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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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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.