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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.

Ben Bernanke

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More quotes by Ben Bernanke

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

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.

Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.

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.

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

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

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

The Federal Reserve will not monetize the debt.

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

Life is amazingly unpredictable any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

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

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.

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

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

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