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The Federal Reserve is not currently forecasting a recession.

Ben Bernanke

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

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

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

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.

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.

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

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

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

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

The Federal Reserve will not monetize the debt.

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

I am very proud of my nerd-dom.

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

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