Quote

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

Ben Bernanke

Change background

T

T

T

Change font

More quotes by Ben Bernanke

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

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.

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

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

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

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.

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.

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

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

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.

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.

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

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.

The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.

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

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.

I am very proud of my nerd-dom.