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Ben Bernanke Quotes

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The Federal Reserve is not currently forecasting a recession  (Ben Bernanke Quotes) The Federal Reserve will not monetize the debt  (Ben Bernanke Quotes) The GSEs are adequately capitalized. They are in no danger of failing  (Ben Bernanke Quotes) How much would you pay to avoid a second Depression  (Ben Bernanke Quotes) I come from Main Street, from a small town that’s really depressed  (Ben Bernanke Quotes) The Fed is totally open  (Ben Bernanke Quotes) I don’t fully understand movements in the gold price  (Ben Bernanke Quotes) Interest rates are used to achieve overall economic stability  (Ben Bernanke Quotes) All the Federal Reserve can do is make loans against collateral  (Ben Bernanke Quotes) Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective  (Ben Bernanke Quotes) If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression  (Ben Bernanke Quotes) Over the years, the U. S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow  (Ben Bernanke Quotes) I don’t think that Chinese ownership of U. S. assets is so large as to put our country at risk economically  (Ben Bernanke Quotes) The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare  (Ben Bernanke Quotes) Nobody really understands gold prices and I don’t pretend to understand them either  (Ben Bernanke Quotes) While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U. S  (Ben Bernanke Quotes) It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles  (Ben Bernanke Quotes) The American people are among the most productive in the world. We have the best technologies. We have great universities. We have entrepreneurs  (Ben Bernanke Quotes) 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  (Ben Bernanke Quotes) It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions  (Ben Bernanke Quotes) Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand  (Ben Bernanke Quotes) 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  (Ben Bernanke Quotes) Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category  (Ben Bernanke Quotes) 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 Quotes) Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank  (Ben Bernanke Quotes) Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives  (Ben Bernanke Quotes) 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 Quotes) Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.  (Ben Bernanke Quotes) No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.  (Ben Bernanke Quotes) The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.  (Ben Bernanke Quotes)
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