Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels. — Ben Bernanke Copy Share Image
The basic prescription for preventing deflation is therefore 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… — 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
