Ben Bernanke Quotes
-
Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.
-
Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a more sustainable home purchase at some later point.
-
Obviously, I haven't succeeded in defusing the political concerns about the Fed.
-
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.
-
Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
-
A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets.
-
After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.
-
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.
-
If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
-
The best approach here if at all possible is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset price bubble bursts in the future.
-
I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
-
Has set the standard for excellence in economic policy-making.
-
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
-
As long as there's not permanent damage to our energy infrastructure, the effects on the overall economy should be fairly modest.
-
My first priority will be to maintain continuing with the policy and policy strategies under the Greenspan era.
-
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.
-
So far, the effects appear to be relatively modest on growth.
-
Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.
-
Our mission as set forth by the Congress is a critical one.
-
In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
-
The U.S. economy is in the midst of a strong and sustainable economic expansion.
-
Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.
-
I think at this point in time that the inverted yield curve is not signaling a slowdown.
-
After several false starts, the economy is showing signs of sustained recovery.