In a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
BEN BERNANKEThe 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.
More Ben Bernanke Quotes
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It is not the responsibility of the Federal Bank – nor would it be appropriate – to protect lenders and investors from the consequences of their decisions
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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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I am very proud of my nerd-dom.
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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.
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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.
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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.
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Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. econom.
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I am confident that we will meet whatever challenges the future may bring.
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While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.
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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.
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The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
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The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
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I don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
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The Federal Reserve is not currently forecasting a recession.
BEN BERNANKE