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

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.

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

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.

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.

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

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.

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

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.

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

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.

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

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 Federal Reserve is not currently forecasting a recession.

I am very proud of my nerd-dom.

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.