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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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Ben Bernanke
Age: 71
Born: 1953
Born: December 13
Banker
Economist
Politician
Professor
Teacher
Augusta
Georgia
Ben Shalom Bernanke
Benjamin Shalom Bernanke
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Economy

More quotes by Ben Bernanke

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The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.
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September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
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It's the price of success: people start to think you're omnipotent.
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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.
Ben Bernanke
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Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.
Ben Bernanke
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Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
Ben Bernanke
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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.
Ben Bernanke
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The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
Ben Bernanke
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I think that having good data, good statistics-and the United States generally has better macroeconomic statistics than most countries-and having good economists to interpret those data and present the policy alternatives, has a substantially beneficial effect on policymaking in the United States.
Ben Bernanke
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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.
Ben Bernanke
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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.
Ben Bernanke
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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.
Ben Bernanke
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A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.
Ben Bernanke
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I don't see much evidence of an equity bubble.
Ben Bernanke
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I am very proud of my nerd-dom.
Ben Bernanke
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I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.
Ben Bernanke
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Nobody really understands gold prices and I don't pretend to understand them either.
Ben Bernanke