Quote

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

Ben Bernanke

Change background

T

T

T

Change font

More quotes by Ben Bernanke

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

It takes about two and a half percent growth just to keep unemployment stable.

Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.

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 goals without the income from a job.

I assure this committee that, if I am confirmed, I will be strictly independent of all political influences... essential to that institution's ability to function effectively and achieve its mandated objectives.

I don't see much evidence of an equity bubble.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

Life is amazingly unpredictable any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.