Ben Bernanke Quotes

81 quotes in 1122 categories

• The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis. Crisis
• I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve… Bagels
• Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment… Achieve
• Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very… Became
• The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and… Businesses
• Developments in financial markets can have broad economic effects felt by many outside the markets. Broad
• Monetary policy is not a panacea. Monetary
• A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the… Buy
• 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… Cost
• If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price… Colleagues
• Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and… Advanced
• It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of… Appropriate
• The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop… Aggregate
• There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the… Any
• The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly… Bankers
• A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the… Broader
• Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other… Course
• Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help… Additional
• Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called… Allows
• The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so. Appears

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