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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 or doughnuts at the department coffee hour.

Ben Bernanke

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More quotes by Ben Bernanke

The Federal Reserve will not monetize the debt.

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

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

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

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

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.

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

I am very proud of my nerd-dom.

The Federal Reserve is not currently forecasting a recession.

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

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

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.

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