The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms… — Ben Bernanke Copy Share Image
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings. — Ben Bernanke Copy Share Image
The banks have accounts with the Fed, much the same way that you have an account in a commercial bank. — Ben Bernanke Copy Share Image
Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits. — Ben Bernanke Copy Share Image
The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly. — Ben Bernanke Copy Share Image
If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event. — Ben Bernanke Copy Share Image
In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of… — Ben Bernanke Copy Share Image
Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy… — Ben Bernanke Copy Share Image
The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be… — Ben Bernanke Copy Share Image
The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung… — Ben Bernanke Copy Share Image
Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the… — Ben Bernanke Copy Share Image
After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try… — Ben Bernanke Copy Share Image
Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical… — Ben Bernanke Copy Share Image
Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of… — Ben Bernanke Copy Share Image
Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it… — Ben Bernanke Copy Share Image
Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial… — Ben Bernanke Copy Share Image
Most of the policies that support robust economic growth in the long run are outside the province of the central bank. — Ben Bernanke Copy Share Image
When historical relationships are taken into account, it is difficult to ascribe the house price bubble either to monetary policy or to… — Ben Bernanke Copy Share Image
In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is… — Ben Bernanke Copy Share Image
The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial… — Ben Bernanke Copy Share Image
Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in… — Ben Bernanke Copy Share Image
We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. — Ben Bernanke Copy Share Image
If bankers become overly conservative in response to past lending mistakes - or if examiners force such behavior - it will hurt… — Ben Bernanke Copy Share Image
The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained. — Ben Bernanke Copy Share Image
It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles. — Ben Bernanke Copy Share Image
September and October of 2008 was the worst financial crisis in global history, including the Great Depression. — Ben Bernanke Copy Share Image
Uncertainty is seen to retard investment independently of considerations of risk or expected return. — Ben Bernanke Copy Share Image
The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes. — Ben Bernanke Copy Share Image
After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on… — Ben Bernanke Copy Share Image
To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy. — Ben Bernanke Copy Share Image
The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so. — Ben Bernanke Copy Share Image
The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression. — Ben Bernanke Copy Share Image
The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial… — Ben Bernanke Copy Share Image
History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a… — Ben Bernanke Copy Share Image
The role of liquidity in systemic events provides yet another reason why, in the future, a more system wide or macroprudential approach… — Ben Bernanke Copy Share Image
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of… — Ben Bernanke Copy Share Image
The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and… — Ben Bernanke Copy Share Image
The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is… — Ben Bernanke Copy Share Image
Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane… — Ben Bernanke Copy Share Image
The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a… — Ben Bernanke Copy Share Image
We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. — Ben Bernanke Copy Share Image
In the past, Federal Reserve chairmen have not generally gone directly to the public. — Ben Bernanke Copy Share Image
The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars… — Ben Bernanke Copy Share Image
The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds… — Ben Bernanke Copy Share Image
Community development has a long history of innovation and learning from experience. — Ben Bernanke Copy Share Image
To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can… — Ben Bernanke Copy Share Image
Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a… — Ben Bernanke Copy Share Image
If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction. — Ben Bernanke Copy Share Image
High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability. — Ben Bernanke Copy Share Image
...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals — Ben Bernanke Copy Share Image
