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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

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

The Federal Reserve is not currently forecasting a recession.

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

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 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.

I am very proud of my nerd-dom.

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

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 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.

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

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

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.

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.

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.

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.

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