Ben Bernanke Quotes
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As an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people.
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China is growing very quickly and is clearly becoming an important player in the world economy.
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We see that coming back in the fourth quarter and going on into next year.
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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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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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We're much more data-driven. We need to continually re-evaluate our forecasts and think about the prospects for the economy and make our decisions based on what the information is that's coming into our hands.
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Monetary policy is not a panacea.
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Different countries have different kinds of financial structures.
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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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No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
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Only a strong economy can create higher asset values and sustainably good returns for savers.
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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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The central bank needs to be able to make policy without short term political concerns.
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There is of course the direct impact of the shutting down of the U.S. economy, the loss of several hundred thousand jobs at least, and reduced output production in the Gulf.
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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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Evolutionary psychologists suggest that humans experienced evolutionary benefits from brain developments that included aversion to loss and risk and from instincts for cooperation that helped strengthen communities.
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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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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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Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
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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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Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.
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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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If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.