-
Interest rates are used to achieve overall economic stability.
Ben Bernanke -
The actions taken by central banks and other authorities to stabilize a panic in the short run can work against stability in the long run if investors and firms infer from those actions that they will never bear the full consequences of excessive risk-taking.
Ben Bernanke
-
The Federal Reserve will not monetize the debt.
Ben Bernanke -
The Fed needs an approach that consolidates the gains of the Greenspan years and ensures that those successful policies will continue - even if future Fed chairmen are less skillful or less committed to price stability than Mr. Greenspan has been.
Ben Bernanke -
Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.
Ben Bernanke -
As you know, in the latter part of 2008 and early 2009, the Federal Reserve took extraordinary steps to provide liquidity and support credit market functioning, including the establishment of a number of emergency lending facilities and the creation or extension of currency swap agreements with 14 central banks around the world.
Ben Bernanke -
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.
Ben Bernanke -
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.
Ben Bernanke
-
The best solution to income inequality is providing a high-quality education for everybody. In our highly technological, globalized economy, people without education will not be able to improve their economic situation.
Ben Bernanke -
Given the extent of the exposures of major banks around the world to A.I.G., and in light of the extreme fragility of the system, there was a significant risk that A.I.G.'s failure could have sparked a global banking panic.
Ben Bernanke -
It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
Ben Bernanke -
In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking.
Ben Bernanke -
In the absence of a shift in market perceptions of the relative attractiveness of U.S. and foreign assets, government policies would likely have only limited effects on the trade balance.
Ben Bernanke -
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.
Ben Bernanke
-
It's the price of success: people start to think you're omnipotent.
Ben Bernanke -
These inflation effects should fade even if energy prices remain elevated, so long as monetary policy keeps inflation expectations well-anchored.
Ben Bernanke -
At some point in the future, the committee may decide to take no action at one or more meetings in the interest of allowing more time to receive information relevant to the outlook.
Ben Bernanke -
Roger made invaluable contributions to the Federal Reserve and to the country.
Ben Bernanke -
To return to levels consistent with price stability in coming quarters.
Ben Bernanke -
To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.
Ben Bernanke
-
Our assessment currently is that the risks to inflation are perhaps the more significant at the moment, and we need to address that.
Ben Bernanke -
The biggest downside of my current job is that I have to wear a suit to work. Wearing uncomfortable clothes on purpose is an example of what former Princeton hockey player and Nobel Prize winner Michael Spence taught economists to call 'signaling.'
Ben Bernanke -
There's always the possibility that, if there's sufficient uncertainty that we may choose to pause simply to gain more information, to learn better what the true risks are and how the economy's actually evolving.
Ben Bernanke -
After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.
Ben Bernanke