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

Ben Bernanke

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More quotes by Ben Bernanke

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.

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

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 risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

I don't see much evidence of an equity bubble.

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.

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

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.

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

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.

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

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.

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.

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.