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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

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.

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

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

The Federal Reserve is not currently forecasting a recession.

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

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

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.

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

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

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.

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.

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

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