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September and October of 2008 was the worst financial crisis in global history, including the Great Depression.

Ben Bernanke

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More quotes by Ben Bernanke

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.

I am very proud of my nerd-dom.

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.

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.

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

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.

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.

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.

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

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.

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

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.

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

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.