Ben Bernanke Quotes
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The policies and policy strategies established during the Greenspan years.
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Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.
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Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.
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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.
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The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
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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.
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The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.
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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.
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Over the past decade a combination of diverse forces has created a significant increase in the global supply of saving -- a global saving glut.
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China is growing very quickly and is clearly becoming an important player in the world economy.
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Only a strong economy can create higher asset values and sustainably good returns for savers.
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Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.
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As long as we find that the energy impact is only temporary ... my guess is that the effects on the overall economy will be fairly modest.
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[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
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According to government ethics rules ... it is permissible for a retired (Fed) 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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When prices are stable, people can hold money for transactions and other purposes without having to worry that inflation will eat away at the real value of their money balances.
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So far, the effects appear to be relatively modest on growth.
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You want to put the fire out first and then worry about the fire code.
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All the Federal Reserve can do is make loans against collateral.
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I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
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To support continued healthy growth, vigilance in regard to inflation is essential.
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In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes.
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Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products.
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Neighborhoods and communities are complex organisms that will be resilient only if they are healthy along a number of interrelated dimensions, much as a human body cannot be healthy without adequate air, water, rest, and food.