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Obviously, I haven't succeeded in defusing the political concerns about the Fed.
Ben Bernanke -
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
Ben Bernanke
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We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
Ben Bernanke -
The Federal Reserve is not currently forecasting a recession.
Ben Bernanke -
Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system.
Ben Bernanke -
Over the past decade a combination of diverse forces has created a significant increase in the global supply of saving -- a global saving glut.
Ben Bernanke -
Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.
Ben Bernanke -
Our mission as set forth by the Congress is a critical one.
Ben Bernanke
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Certainly there is no way to direct the effects of monetary policy at a single class of assets while leaving other financial markets and the broader economy untouched. One might as well try to perform brain surgery with a sledgehammer.
Ben Bernanke -
Only a strong economy can create higher asset values and sustainably good returns for savers.
Ben Bernanke -
The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
Ben Bernanke -
Under Chairman Greenspan, monetary policy has become increasingly transparent to the public and the financial markets, a trend that I strongly support.
Ben Bernanke -
The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.
Ben Bernanke -
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.
Ben Bernanke
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I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonstrated - was that when orthodoxy fails, then you need to try new things. And he was very willing to try unorthodox approaches when the orthodox approach had shown that it was not adequate.
Ben Bernanke -
Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
Ben Bernanke -
You want to put the fire out first and then worry about the fire code.
Ben Bernanke -
The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.
Ben Bernanke -
It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions.
Ben Bernanke -
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.
Ben Bernanke
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After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction.
Ben Bernanke -
[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
Ben Bernanke -
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.
Ben Bernanke -
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.
Ben Bernanke