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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.

Ben Bernanke

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More quotes by Ben Bernanke

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.

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.

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

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

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

The Federal Reserve is not currently forecasting a recession.

I am very proud of my nerd-dom.

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

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.

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

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

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.

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