The central bank needs to be able to make policy without short term political concerns.
BEN BERNANKESeptember and October of 2008 was the worst financial crisis in global history, including the Great Depression.
More Ben Bernanke Quotes
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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.
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The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.
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If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
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September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
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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.
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The American people are among the most productive in the world. We have the best technologies. We have – great universities. We have entrepreneurs.
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Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.
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The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.
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I am confident that we will meet whatever challenges the future may bring.
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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.
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I am very proud of my nerd-dom.
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Economics is a very difficult subject. I’ve compared it to trying to learn how to repair a car when the engine is running.
BEN BERNANKE






