The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
BEN BERNANKENobody really understands gold prices and I don’t pretend to understand them either.
More Ben Bernanke Quotes
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It’s the price of success: people start to think you’re omnipotent.
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A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.
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Nobody really understands gold prices and I don’t pretend to understand them either.
BEN BERNANKE -
Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.
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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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Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.
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I am very proud of my nerd-dom.
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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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I don’t fully understand movements in the gold price.
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The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.
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The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.
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Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
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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 people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.
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Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn’t dirty, you haven’t been in the game.
BEN BERNANKE