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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

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

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.

I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

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

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.

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.

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

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.

I am very proud of my nerd-dom.

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

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.

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

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

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

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.

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

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.