Ben Bernanke Quotes
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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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These are issues that we are going to have to address, because they are significant.
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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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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.
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I am particularly pleased to see that the Bendheim Center for Finance is thriving.
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I think most of us would agree that people who have, say, little formal schooling but labor honestly and diligently to help feed, clothe, and educate their families are deserving of greater respect - and help, if necessary - than many people who are superficially more successful.
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Thus far, at least, the growth effects of energy price increases appear relatively modest.
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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.
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It's been a resilient economy, it's responded well and job creation has proceeded apace.
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Until the job market improves, this recovery will not feel like a recovery to most Americans.
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In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009.
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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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Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'
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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.
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A forecast about the future evolution of policy, not an unconditional commitment.
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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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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 amount of currency in circulation is not changing. The money supply is not changing in any significant way.
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Uncertainty is seen to retard investment independently of considerations of risk or expected return.
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Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.
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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.
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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.
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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 no cost.
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For many of us, owning a home signaled a passage into adulthood that coincided with the start of a career and family.