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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.

Ben Bernanke

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More quotes by Ben Bernanke

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.

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

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.

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

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.

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

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

Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.

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

The Federal Reserve will not monetize the debt.

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

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.

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.

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.

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