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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.

Ben Bernanke

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More quotes by Ben Bernanke

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

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 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.

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

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.

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.

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.

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

I am very proud of my nerd-dom.

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.

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 Federal Reserve will not monetize the debt.

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

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