--- title: "Meaning & Key Takeaway of: Fostering transparency and accountability…" description: "\"Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.\" — Ben Ber..." image: "https://sms4smile.com/quotes/i/b03/ben-bernanke-1388_accountability_fostering-transparency-and-accountabilit_1889887.png" --- # Fostering transparency and accountability at the Federal… ![“Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.” quote by Ben Bernanke](https://sms4smile.com/quotes/i/b03/ben-bernanke-1388_accountability_fostering-transparency-and-accountabilit_1889887.png) [Download](https://sms4smile.com/quotes/i/b03/ben-bernanke-1388_accountability_fostering-transparency-and-accountabilit_1889887.png) [Open image](https://sms4smile.com/quotes/i/b03/ben-bernanke-1388_accountability_fostering-transparency-and-accountabilit_1889887.png) > “Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.” [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Prioritized transparency and accountability at the Fed as a key goal upon becoming Chairman. **In simple terms:** Focused on openness and responsibility at the Fed. Key Takeaway Implement clear policies and reporting mechanisms. Themes finance leadership governance Mood formal analytical Type policy leadership When to use this quote - central banking - policy communication - financial oversight Key Concepts regulatory policy institutional trust public accountability Questions to Reflect On - How will you measure accountability? - What challenges arise in fostering openness? A Different Perspective Transparency alone cannot fix systemic issues. ★ ★ ★ ★ ★ No ratings yet [Accountability](https://sms4smile.com/quotes/about/accountability/) [Accountability Federal](https://sms4smile.com/quotes/about/accountability-federal-2722421/) [February](https://sms4smile.com/quotes/about/february/) [Federal reserve](https://sms4smile.com/quotes/about/federal-reserve/) [Fostering Transparency](https://sms4smile.com/quotes/about/fostering-transparency-2722420/) [Goals](https://sms4smile.com/quotes/about/goals/) [Transparency](https://sms4smile.com/quotes/about/transparency/) [Transparency Accountability](https://sms4smile.com/quotes/about/transparency-accountability-809977/) ## Related quotes > [I want to bring accountability to the federal government. I want the federal government to respect the states.](https://sms4smile.com/quotes/paul-ryan/i-want-to-bring-accountability-to-the-federal-government-i-want-the/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [If high-tech companies are serious about doing the right thing, they can join together and lobby for more transparency and accountability in the way…](https://sms4smile.com/quotes/rebecca-mackinnon/if-high-tech-companies-are-serious-about-doing-the-right-thing-they/) [Rebecca MacKinnon](https://sms4smile.com/quotes/author/rebecca-mackinnon/) > [Americans demand and deserve transparency and accountability from all of our institutions, and as members of Congress, it's our job to deliver.](https://sms4smile.com/quotes/dean-phillips/americans-demand-and-deserve-transparency-and-accountability-from-all/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [By creating a clear framework for the redistricting process, we help increase the transparency and accountability needed to ensure the voices of citizens are…](https://sms4smile.com/quotes/laphonza-butler/by-creating-a-clear-framework-for-the-redistricting-process-we-help/) [Laphonza Butler](https://sms4smile.com/quotes/author/laphonza-butler/) > [Everyone understands that in a modern economy - transparency, accountability, a working justice system are part of having a functioning, modern society.](https://sms4smile.com/quotes/alexander-stille/everyone-understands-that-in-a-modern-economy-transparency/) [Alexander Stille](https://sms4smile.com/quotes/author/alexander-stille/) > [Concerned Veterans for America (CVA) has called for an audit of the Pentagon, so that we finally have some transparency and accountability in how…](https://sms4smile.com/quotes/pete-hegseth/concerned-veterans-for-america-cva-has-called-for-an-audit-of-the/) [Pete Hegseth](https://sms4smile.com/quotes/author/pete-hegseth/) > [It's my job as President and Congress’s job to maker sure that there’s some rules of the road that people are going to abide…](https://sms4smile.com/quotes/barack-obama/it-s-my-job-as-president-and-congress-s-job-to-maker-sure-that-there/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [The movement towards radical transparency and accountability has been gaining steam for several decades.](https://sms4smile.com/quotes/heather-brooke/the-movement-towards-radical-transparency-and-accountability-has-been/) [Heather Brooke](https://sms4smile.com/quotes/author/heather-brooke/) > [Ever since I arrived in Washington in April 2009, I have been fighting for more transparency and accountability in government.](https://sms4smile.com/quotes/mike-quigley/ever-since-i-arrived-in-washington-in-april-2009-i-have-been-fighting/) [Mike Quigley](https://sms4smile.com/quotes/author/mike-quigley/) > [“The NSA is the definitive rogue agency: empowered to do whatever it wants with very little control, transparency, or accountability.”](https://sms4smile.com/quotes/anonymous/the-nsa-is-the-definitive-rogue-agency-empowered-to-do-whatever-it/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [We are demanding police transparency and accountability so we can build trust and work together to make our communities safer.](https://sms4smile.com/quotes/malcolm-jenkins/we-are-demanding-police-transparency-and-accountability-so-we-can/) [Malcolm Jenkins](https://sms4smile.com/quotes/author/malcolm-jenkins/) > [Transparency and accountability must be restored in politics.](https://sms4smile.com/quotes/park-won-soon/transparency-and-accountability-must-be-restored-in-politics/) [Park Won-soon](https://sms4smile.com/quotes/author/park-won-soon/) > [Transparency, accountability and sustainability have become the slogans of the market leaders. Companies carry out environmental and social audits to court the consumer, and…](https://sms4smile.com/quotes/noreena-hertz/transparency-accountability-and-sustainability-have-become-the/) [Noreena Hertz](https://sms4smile.com/quotes/author/noreena-hertz/) > [Greater transparency and accountability in Congress is something we should all be able to support.](https://sms4smile.com/quotes/michelle-steel/greater-transparency-and-accountability-in-congress-is-something-we/) [Michelle Steel](https://sms4smile.com/quotes/author/michelle-steel/) > [“We have had campaign-finance reform, and reform of the seniority system in Congress, and endless rounds of anticorruption measures in the federal government. Calls…](https://sms4smile.com/quotes/anonymous/we-have-had-campaign-finance-reform-and-reform-of-the-seniority/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## More by Ben Bernanke > [If Wall Street crashes, does Main Street follow? Not necessarily.](https://sms4smile.com/quotes/ben-bernanke/if-wall-street-crashes-does-main-street-follow-not-necessarily/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Federal Reserve is not currently forecasting a recession.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-is-not-currently-forecasting-a-recession/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.](https://sms4smile.com/quotes/ben-bernanke/we-do-not-expect-significant-spillovers-from-the-subprime-market-to/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [In the past, Federal Reserve chairmen have not generally gone directly to the public.](https://sms4smile.com/quotes/ben-bernanke/in-the-past-federal-reserve-chairmen-have-not-generally-gone-directly/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [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…](https://sms4smile.com/quotes/ben-bernanke/the-u-s-government-has-a-technology-called-a-printing-press-or-today/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds…](https://sms4smile.com/quotes/ben-bernanke/the-depression-was-an-incredibly-dramatic-episode-an-era-of-stock/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [Community development has a long history of innovation and learning from experience.](https://sms4smile.com/quotes/ben-bernanke/community-development-has-a-long-history-of-innovation-and-learning/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can…](https://sms4smile.com/quotes/ben-bernanke/to-be-sure-the-provision-of-liquidity-alone-can-by-no-means-solve-the/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [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…](https://sms4smile.com/quotes/ben-bernanke/consumers-going-through-foreclosure-typically-will-see-their-credit/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.](https://sms4smile.com/quotes/ben-bernanke/if-you-are-not-happy-with-yourself-even-the-loftiest-achievements-won/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.](https://sms4smile.com/quotes/ben-bernanke/high-levels-of-homeownership-have-been-shown-to-foster-greater/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-has-the-capacity-to-operate-in-domestic-money/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Federal Reserve will not monetize the debt.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-will-not-monetize-the-debt/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social…](https://sms4smile.com/quotes/ben-bernanke/to-avoid-large-and-unsustainable-budget-deficits-the-nation-will/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [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…](https://sms4smile.com/quotes/ben-bernanke/the-u-s-government-has-a-technology-called-a-printing-press-or-today-2/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) [Explore all 247 Ben Bernanke quotes ](https://sms4smile.com/quotes/author/ben-bernanke/) ## More Accountability quotes > [Think of these things, whence you came, where you are going, and to whom you must account.](https://sms4smile.com/quotes/benjamin-franklin/think-of-these-things-whence-you-came-where-you-are-going-and-to-whom/) [Benjamin Franklin](https://sms4smile.com/quotes/author/benjamin-franklin/) > [In the battle for police reform, accountability and justice, Americans don't have to re-invent the wheel. We just have to revoke the thing that…](https://sms4smile.com/quotes/jason-johnson/in-the-battle-for-police-reform-accountability-and-justice-americans/) [Jason Johnson](https://sms4smile.com/quotes/author/jason-johnson/) > [Transparency pertains to impartial behavior, implies openness, communication, and accountability. Inculcate transparency in attitude and experience a life free of controversy and blame](https://sms4smile.com/quotes/dr-anil-kr-sinha/transparency-pertains-to-impartial-behavior-implies-openness/) [Dr Anil Kr Sinha](https://sms4smile.com/quotes/author/dr-anil-kr-sinha/) > [Democracy must be built through open societies that share information. When there is information, there is enlightenment. When there is debate, there are solutions.…](https://sms4smile.com/quotes/atifete-jahjaga/democracy-must-be-built-through-open-societies-that-share-information/) [Atifete Jahjaga](https://sms4smile.com/quotes/author/atifete-jahjaga/) > [Democracy is not being well served as we're accustomed to. There is less information, there's less investigation, there's less analysis, there's less accountability.](https://sms4smile.com/quotes/edward-greenspon/democracy-is-not-being-well-served-as-we-re-accustomed-to-there-is/) [Edward Greenspon](https://sms4smile.com/quotes/author/edward-greenspon/) > [I come from a world where accountability and accomplishments matter, and where titles and rhetoric take a back seat to results.](https://sms4smile.com/quotes/carly-fiorina/i-come-from-a-world-where-accountability-and-accomplishments-matter/) [Carly Fiorina](https://sms4smile.com/quotes/author/carly-fiorina/) > [It means a lot. It means I'm accountable.](https://sms4smile.com/quotes/champ-bailey/it-means-a-lot-it-means-i-m-accountable/) [Champ Bailey](https://sms4smile.com/quotes/author/champ-bailey/) > [Our particular principles of religion are a subject of accountability to our god alone. I enquire after no man's and trouble none with mine;…](https://sms4smile.com/quotes/thomas-jefferson/our-particular-principles-of-religion-are-a-subject-of-accountability/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [This strongly asserted but ill-defined license to kill without accountability is not an entitlement which the United States or other states can have without…](https://sms4smile.com/quotes/philip-alston/this-strongly-asserted-but-ill-defined-license-to-kill-without/) [Philip Alston](https://sms4smile.com/quotes/author/philip-alston/) > [Responsible Development shares many practices with XP but the roots are different. Responsible Development's values are honesty, transparency, accountability and responsibility. These lead me…](https://sms4smile.com/quotes/kent-beck/responsible-development-shares-many-practices-with-xp-but-the-roots/) [Kent Beck](https://sms4smile.com/quotes/author/kent-beck/) > [“Opinion is really the lowest form of human knowledge. It requires no accountability, no understanding. The highest form of knowledge… is empathy, for it…](https://sms4smile.com/quotes/bill-bullard/opinion-is-really-the-lowest-form-of-human-knowledge-it-requires-no/) [Bill Bullard](https://sms4smile.com/quotes/author/bill-bullard/) > [The American people deserve accountability over wasteful spending, and we accomplish that by prioritizing taxpayer dollars in a responsive and responsible manner.](https://sms4smile.com/quotes/katie-britt/the-american-people-deserve-accountability-over-wasteful-spending-and/) [Katie Britt](https://sms4smile.com/quotes/author/katie-britt/) > [If torture is going to be administered as a last resort in the ticking-bomb case, to save enormous numbers of lives, it ought to…](https://sms4smile.com/quotes/alan-dershowitz/if-torture-is-going-to-be-administered-as-a-last-resort-in-the/) [Alan Dershowitz](https://sms4smile.com/quotes/author/alan-dershowitz/) > [“There are many professions that require individuals, on an ongoing basis, to pass drug tests, physicals and psychological evaluations in order to keep their…](https://sms4smile.com/quotes/gary-hopkins/there-are-many-professions-that-require-individuals-on-an-ongoing/) [Gary Hopkins](https://sms4smile.com/quotes/author/gary-hopkins/) > [“Expecting accountability from the UN system was akin to expecting a blind dog to catch a flying Frisbee.”](https://sms4smile.com/quotes/michael-soussan/expecting-accountability-from-the-un-system-was-akin-to-expecting-a/) [Michael Soussan](https://sms4smile.com/quotes/author/michael-soussan/) [Browse all 860 Accountability quotes ](https://sms4smile.com/quotes/about/accountability/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.", "creator": { "@type": "Person", "name": "Ben Bernanke" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/ben-bernanke/fostering-transparency-and-accountability-at-the-federal-reserve-was/", "about": { "@type": "Thing", "name": "Accountability" }, "@id": "https://sms4smile.com/quotes/ben-bernanke/fostering-transparency-and-accountability-at-the-federal-reserve-was/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b03/ben-bernanke-1388_accountability_fostering-transparency-and-accountabilit_1889887.png", "contentUrl": "https://sms4smile.com/quotes/i/b03/ben-bernanke-1388_accountability_fostering-transparency-and-accountabilit_1889887.png", "url": "https://sms4smile.com/quotes/i/b03/ben-bernanke-1388_accountability_fostering-transparency-and-accountabilit_1889887.png", "width": 1080, "height": 1080, "caption": "“Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I…” — Ben Bernanke", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Ben Bernanke", "item": "https://sms4smile.com/quotes/author/ben-bernanke/" }, { "@type": "ListItem", "position": 4, "name": "Fostering transparency and accountability at the...", "item": "https://sms4smile.com/quotes/ben-bernanke/fostering-transparency-and-accountability-at-the-federal-reserve-was/" } ], "@id": "https://sms4smile.com/quotes/ben-bernanke/fostering-transparency-and-accountability-at-the-federal-reserve-was/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```