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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

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More quotes by Ben Bernanke

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.

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

I am very proud of my nerd-dom.

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

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.

It's the price of success: people start to think you're omnipotent.

Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.

The American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.

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.

Nobody really understands gold prices and I don't pretend to understand them either.

One might as well try to perform brain surgery with a sledgehammer.

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

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

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.

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.

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.

Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.