Ben Bernanke Quotes
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Our understanding of the best practice in monetary policy evolved during Alan Greenspan's tenure at the Fed, and it will continue to evolve in the future.
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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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I'm... fairly optimistic today about the ability of the U.S. economy to absorb these body blows.
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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.
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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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Quantitatively, outsourcing abroad simply cannot account for much of the recent weakness in the U.S. labor market and does not appear likely to be an .important restraint to further recovery in employment.
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You want to put the fire out first and then worry about the fire code.
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At this point, a leveling out or a modest softening of housing activity seems more likely than a sharp contraction, although significant uncertainty attends the outlook for home prices and construction.
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Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.
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To support continued healthy growth, vigilance in regard to inflation is essential.
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The resilience of the economy ... is helping it to absorb the shocks to energy and transportation from the hurricanes.
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Interest rates are used to achieve overall economic stability.
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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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Inflation is up, driven by energy prices. Underlying core rates remain low, which is encouraging.
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I come from Main Street, from a small town that's really depressed.
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This necessary spending should not, however, jeopardize the president' long-term deficit-reduction goals.
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Clearly, it's going to affect the Gulf Coast economy quite a bit.
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To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.
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History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
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Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans.
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There are some petroleum refineries that don't have crude and by allowing them to draw from the Strategic Petroleum Reserve they will be able to produce more gasoline.
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I think it's generally a bad idea for the Fed to be the arbiter of asset prices. The Fed doesn't really have any better information than other people in the market about what the correct value of asset prices is.
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I don't see any significant risk of a recession.
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Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.