Ben Bernanke Quotes
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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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Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
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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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I am very proud of my nerd-dom.
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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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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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Small businesses have played an important role in fueling past economic recoveries.
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Not all information is beneficial.
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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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I am particularly pleased to see that the Bendheim Center for Finance is thriving.
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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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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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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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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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Might have done much more harm than good.
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A forecast about the future evolution of policy, not an unconditional commitment.
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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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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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But again, I remain optimistic that the impact on energy from these two events will be limited.
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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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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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I am going to begin now a practice of not making recommendations on specific tax and spending proposals.