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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.

Ben Bernanke

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More quotes by Ben Bernanke

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

Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.

I am very proud of my nerd-dom.

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.

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.

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

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

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.

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

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

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

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

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.

The Federal Reserve is not currently forecasting a recession.