Ben Bernanke Quotes
-
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.
-
As long as we find that the energy impact is only temporary ... my guess is that the effects on the overall economy will be fairly modest.
-
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.
-
In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes.
-
So far, the effects appear to be relatively modest on growth.
-
To support continued healthy growth, vigilance in regard to inflation is essential.
-
If your uniform isn't dirty, you haven't been in the game.
-
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.
-
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.
-
The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
-
After several false starts, the economy is showing signs of sustained recovery.
-
There is a deficit; I'd like to see it lowered. But it's up to Congress to decide whether that should be done by higher taxes, lower spending or some combination.
-
The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
-
Interest rates are used to achieve overall economic stability.
-
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.
-
Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.
-
I don't know why there aren't more Depression buffs.
-
I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
-
Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.
-
Clearly it's going to affect the Gulf Coast economy quite a bit. You've had a lot of property damage. Basic services are down.
-
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.
-
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.
-
If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.
-
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.