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

Ben Bernanke

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More quotes by Ben Bernanke

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.

The Federal Reserve will not monetize the debt.

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

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

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.

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

I don't see much evidence of an equity bubble.

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.

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

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.

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

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.

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.

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

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

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

The Federal Reserve is not currently forecasting a recession.