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Clearly, it's going to affect the Gulf Coast economy quite a bit.
Ben Bernanke -
The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.
Ben Bernanke
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I do not subscribe to any rigid and mechanical rule ... I intend to be flexible and to learn from experience.
Ben Bernanke -
Now that I'm a civilian again, I can once more comment on economic and financial issues without my words being put under the microscope by Fed watchers.
Ben Bernanke -
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.
Ben Bernanke -
I'd throw dollars out of helicopters if I had to, to stimulate the economy.
Ben Bernanke -
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.
Ben Bernanke -
September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
Ben Bernanke
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If you take a candy bar in the short run, it gives you a burst of energy, but after a while, it just makes you fat.
Ben Bernanke -
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.
Ben Bernanke -
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.
Ben Bernanke -
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.
Ben Bernanke -
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.
Ben Bernanke -
The movement toward a holistic approach to community development has been long in the making, but the housing crisis has motivated further progress.
Ben Bernanke
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I don't know why there aren't more Depression buffs.
Ben Bernanke -
The GSEs are adequately capitalized. They are in no danger of failing.
Ben Bernanke -
I don't see any significant risk of a recession.
Ben Bernanke -
As an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people.
Ben Bernanke -
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.
Ben Bernanke -
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.
Ben Bernanke
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There appears to be some possibility that the recent trend toward disinflation will continue, primarily because of the potentially large amount of economic slack in the system.
Ben Bernanke -
The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions.
Ben Bernanke -
I come from Main Street, from a small town that's really depressed.
Ben Bernanke -
The inflation objective is explicitly a long-term or medium term objective. It focuses on, for example, core inflation to avoid getting involved in short-term fluctuations in energy prices and the like.
Ben Bernanke