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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

I am very proud of my nerd-dom.

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.

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.

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

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.

The Federal Reserve will not monetize the debt.

One might as well try to perform brain surgery with a sledgehammer.

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

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.

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

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

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.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

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.

The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

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.

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