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The American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.
Ben Bernanke
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Ben Bernanke
Age: 70
Born: 1953
Born: December 13
Banker
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Augusta
Georgia
Ben Shalom Bernanke
Benjamin Shalom Bernanke
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More quotes by Ben Bernanke
Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.
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I am very proud of my nerd-dom.
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The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.
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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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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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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.
Ben Bernanke
I don't see much evidence of an equity bubble.
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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.
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The Federal Reserve is not currently forecasting a recession.
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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.
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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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If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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It takes about two and a half percent growth just to keep unemployment stable.
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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.
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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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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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Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.
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Nobody really understands gold prices and I don't pretend to understand them either.
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It's the price of success: people start to think you're omnipotent.
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I think that having good data, good statistics-and the United States generally has better macroeconomic statistics than most countries-and having good economists to interpret those data and present the policy alternatives, has a substantially beneficial effect on policymaking in the United States.
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