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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.

Ben Bernanke

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More quotes by Ben Bernanke

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

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.

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.

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

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.

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

I am very proud of my nerd-dom.

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

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

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

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

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

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.

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.

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.