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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.

Ben Bernanke

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More quotes by Ben Bernanke

The Federal Reserve is not currently forecasting a recession.

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

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.

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

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.

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.

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.

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

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.

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.

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

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.

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

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.

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