Congress Quote by Ben Bernanke
“Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.”
About This Quote
Source Speech: Congressional testimony, 2015
The mission is to keep prices stable, grow the economy sustainably, and ensure a fair financial system for all.
In simple terms: Maintain stability, growth, and fairness in finance.
Key Takeaway
Support policies that balance inflation and employment.
Themes
economics
policy
stability
Mood
formal
concerned
Type
policy
economic
When to use this quote
- central bank decisions
- budget planning
- employment initiatives
Key Concepts
monetary policy
financial regulation
Questions to Reflect On
- How can inequality be reduced?
- What role does technology play in financial stability?
A Different Perspective
Balancing growth and inflation is difficult.
![“It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency…” quote by Paul Volcker](https://sms4smile.com/quotes/img-quotes/1ab/paul-volcker-37701_banking_it-is-a-sobering-fact-that-the-prominenc_1339309.jpg)
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