Quote

I am very proud of my nerd-dom.

Ben Bernanke

Change background

T

T

T

Change font

TAGS & TOPICS

Born: December 13

Ben Shalom Bernanke

Benjamin Shalom Bernanke

More quotes by Ben Bernanke

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.

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.

A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

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.

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.

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 see much evidence of an equity bubble.

The Federal Reserve is not currently forecasting a recession.

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.

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.

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

The American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.

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

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 asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

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.