Ben Bernanke Quotes
-
The Federal Reserve will not monetize the debt.
-
To minimize market uncertainty and achieve the maximum effect of its policies, the Federal Reserve is committed to providing the public as much information as possible about the uses of its balance sheet, plans regarding future uses of its balance sheet, and the criteria on which the relevant decisions are based.
-
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.
-
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.
-
If bankers become overly conservative in response to past lending mistakes - or if examiners force such behavior - it will hurt bankers' own long-term interests and the economy in general.
-
Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years.
-
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.
-
In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes.
-
Interest rates are used to achieve overall economic stability.
-
I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.
-
Even if the economy recovers smartly for the rest of this year and the next, the ongoing slack in the economy may still lead to continuing disinflation.
-
I assure this committee that, if I am confirmed, I will be strictly independent of all political influences... essential to that institution's ability to function effectively and achieve its mandated objectives.
-
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.
-
Inflation is not even a remote risk in the U.S.. Because inflation is so low, monetary policy can afford to be patient to be sure that the recovery is sustained.
-
Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.
-
We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
-
It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
-
I have spoken about deficits, and I think deficits are important because they address broad economic and financial stability. We need to talk about that.
-
People saw the Depression as a necessary thing - a chance to squeeze out the excesses, get back to Puritan morality. That just made things worse.
-
If two people always agree, one of them is redundant.
-
Market discipline can only limit moral hazard to the extent that debt and equity holders believe that, in the event of distress, they will bear costs.
-
How much would you pay to avoid a second Depression?
-
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
-
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.