Quote

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

Change background

T

T

T

Change font

More quotes by Ben Bernanke

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

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

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 Federal Reserve is not currently forecasting a recession.

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.

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

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

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.

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

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 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.

The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.

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.

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

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

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

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