Ben Bernanke Quotes
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We see that coming back in the fourth quarter and going on into next year.
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The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.
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I will make continuity with the policies and policy strategies of the Greenspan Fed a top priority.
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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 central bank needs to be able to make policy without short term political concerns.
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Different countries have different kinds of financial structures.
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The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.
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Obviously, I haven't succeeded in defusing the political concerns about the Fed.
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Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.
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I think there's a good chance we'll dodge the bullet this time.
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Monetary policy is not a panacea.
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China is growing very quickly and is clearly becoming an important player in the world economy.
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As long as there's not permanent damage to our energy infrastructure, the effects on the overall economy should be fairly modest.
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Only a strong economy can create higher asset values and sustainably good returns for savers.
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With such an uncertain outlook, the new statement must be flexible enough to leave officials with several options for future action.
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According to government ethics rules and FOMC rules, it is permissible for a retired governor to speak in public about the economy, so long as he or she does not divulge confidential information. I have no indication that he has violated that rule.
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A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.
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Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
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In the shorter term, the devastation wrought by Hurricane Katrina will have a palpable effect on the national economy.
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So far, the actual actions taken have been relatively modest, but there is some hope, I think, that, going forward, these actions will advance further and we will see more progress in the current account.
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Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.
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If I am confirmed by the Senate I will do everything in my power, in collaboration with by Fed colleagues to help assure the continued prosperity and stability of the American economy.
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Of course, a decision to take no action at a particular meeting does not preclude action at subsequent meetings.
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No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.