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

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.

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 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 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.

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

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

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 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.

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

I am very proud of my nerd-dom.

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.

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.

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

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

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.