Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.
BEN BERNANKEIf you are not happy with yourself, even the loftiest achievements won’t bring you much satisfaction.
More Ben Bernanke Quotes
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The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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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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The Federal Reserve is not currently forecasting a recession.
BEN BERNANKE -
September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
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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.
BEN BERNANKE -
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.
BEN BERNANKE -
A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
BEN BERNANKE -
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 -
How much would you pay to avoid a second Depression?
BEN BERNANKE -
A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.
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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.
BEN BERNANKE -
Developments in financial markets can have broad economic effects felt by many outside the markets.
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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.
BEN BERNANKE -
The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.
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The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
BEN BERNANKE






