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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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More quotes by Ben Bernanke

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.

I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.

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

The Federal Reserve is not currently forecasting a recession.

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

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.

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

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.

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 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.

I am very proud of my nerd-dom.

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.

The Federal Reserve will not monetize the debt.

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.

It's the price of success: people start to think you're omnipotent.

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.