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
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
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 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
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 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 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
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
If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would have to respond, and that… — Ben Bernanke Copy Share Image
A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it… — Ben Bernanke Copy Share Image
The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events… — Ben Bernanke Copy Share Image
The actions taken by central banks and other authorities to stabilize a panic in the short run can work against stability in… — Ben Bernanke Copy Share Image
Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the… — Ben Bernanke Copy Share Image
The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of… — Ben Bernanke Copy Share Image
I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing… — Ben Bernanke Copy Share Image
The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate… — 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
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
Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as… — Ben Bernanke Copy Share Image
A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets. — Ben Bernanke Copy Share Image
The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that… — Ben Bernanke Copy Share Image
At the most basic level, a central bank must be clear and open about its actions and operations, particularly when they involve… — Ben Bernanke Copy Share Image
The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers… — Ben Bernanke Copy Share Image
The Federal Reserve's job is to do the right thing, to take the long-run interest of the economy to heart, and that… — 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… — 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… — Ben Bernanke Copy Share Image
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in… — Ben Bernanke Copy Share Image
Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where… — 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 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 banks have accounts with the Fed, much the same way that you have an account in a commercial bank. — 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
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
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
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
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
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
Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits. — 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
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
In the past, Federal Reserve chairmen have not generally gone directly to the public. — Ben Bernanke Copy Share
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
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
Community development has a long history of innovation and learning from experience. — Ben Bernanke Copy Share
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
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
If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction. — Ben Bernanke Copy Share
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
...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
To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social… — Ben Bernanke Copy Share
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
