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Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.

Ben Bernanke

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More quotes by Ben Bernanke

The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.

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.

The Federal Reserve will not monetize the debt.

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.

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.

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.

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

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

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

I am very proud of my nerd-dom.

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.

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

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.

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.

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.

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