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 BERNANKEI don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
More Ben Bernanke Quotes
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If Wall Street crashes, does Main Street follow? Not necessarily.
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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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The GSEs are adequately capitalized. They are in no danger of failing.
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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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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.
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The Fed is totally open.
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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.
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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.
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Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.
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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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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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How much would you pay to avoid a second Depression?
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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’d throw dollars out of helicopters if I had to, to stimulate the economy.
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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
BEN BERNANKE