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A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

Ben Bernanke

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More quotes by Ben Bernanke

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

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

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

I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.

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

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

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

The Federal Reserve is not currently forecasting a recession.

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.

Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.

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

I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

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.

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.