Ben Bernanke Quotes
-
There are various estimates about the third quarter impact, ... Our CEA (Council of Economic Advisers) numbers are somewhere between a half and one percentage point on growth. That would still probably leave us at a decent rate of growth for the third quarter.
-
[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
-
I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.
-
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.
-
In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes.
-
We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
-
Monetary policy is most effective when it is coherent, consistent and predictable as possible, while at all times leaving full scope for flexibility and the use of judgment as conditions may require.
-
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.
-
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.
-
Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.
-
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.
-
If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.
-
You want to put the fire out first and then worry about the fire code.
-
China is growing very quickly and is clearly becoming an important player in the world economy.
-
Only a strong economy can create higher asset values and sustainably good returns for savers.
-
The Federal Reserve is not currently forecasting a recession.
-
Under Chairman Greenspan, monetary policy has become increasingly transparent to the public and the financial markets, a trend that I strongly support.
-
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.
-
It's the price of success: people start to think you're omnipotent.
-
Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound.
-
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.
-
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.
-
Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.
-
Interest rates are used to achieve overall economic stability.