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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

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

The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

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.

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

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

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.

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.

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 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.

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

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.

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.

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.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

The Federal Reserve is not currently forecasting a recession.