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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

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.

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

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

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

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.

I am very proud of my nerd-dom.

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

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.

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

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 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 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.