Ben Bernanke Quotes
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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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If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.
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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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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 an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people.
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The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.
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Under Chairman Greenspan, monetary policy has become increasingly transparent to the public and the financial markets, a trend that I strongly support.
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To support continued healthy growth, vigilance in regard to inflation is essential.
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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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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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To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.
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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.
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The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.
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The movement toward a holistic approach to community development has been long in the making, but the housing crisis has motivated further progress.
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Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.
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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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Of course, a decision to take no action at a particular meeting does not preclude action at subsequent meetings.
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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.
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Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.
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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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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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The credibility has begun to inure in the institution. Keeping inflation low and stable is an important precondition for a healthy and sustained economic growth.
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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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I don't see any significant risk of a recession.