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

Ben Bernanke

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More quotes by Ben Bernanke

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

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

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

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.

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.

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

Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.

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.

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

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 don't see much evidence of an equity bubble.

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.

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.