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.
BEN BERNANKEThe impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
More Ben Bernanke Quotes
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Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand
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The Federal Reserve will not monetize the debt.
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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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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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It takes about two and a half percent growth just to keep unemployment stable.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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I don’t fully understand movements in the gold price.
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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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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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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.
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I don’t see much evidence of an equity bubble.
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Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve’s other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
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Not all information is beneficial.
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It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
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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.
BEN BERNANKE