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

Ben Bernanke

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More quotes by Ben Bernanke

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 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.

The Federal Reserve will not monetize the debt.

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 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.

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

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

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

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

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

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.

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

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

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.

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

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.