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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.
Ben Bernanke
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Ben Bernanke
Age: 70
Born: 1953
Born: December 13
Banker
Economist
Politician
Professor
Teacher
Augusta
Georgia
Ben Shalom Bernanke
Benjamin Shalom Bernanke
Somebody
Lifelong
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Traveling
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Travel
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More quotes by Ben Bernanke
I am very proud of my nerd-dom.
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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.
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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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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.
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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.
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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.
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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.
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I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
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It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
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I don't see much evidence of an equity bubble.
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One might as well try to perform brain surgery with a sledgehammer.
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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.
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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.
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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.
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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.
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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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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.
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A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment luckiest in terms of family support, encouragement and, probably, income luckiest in their educational and career opportunities and luckiest in so many other ways difficult to enumerate - these are the folks who reap the largest rewards.
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It takes about two and a half percent growth just to keep unemployment stable.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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