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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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More quotes by Ben Bernanke

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

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.

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

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

The Federal Reserve is not currently forecasting a recession.

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

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 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.

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

The Federal Reserve will not monetize the debt.

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 think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.

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.

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.

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.