If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.
BEN BERNANKEUnder 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.
More Ben Bernanke Quotes
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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.
BEN BERNANKE -
Not all information is beneficial.
BEN BERNANKE -
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.
BEN BERNANKE -
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
BEN BERNANKE -
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.
BEN BERNANKE -
The Fed is totally open.
BEN BERNANKE -
Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
BEN BERNANKE -
The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
BEN BERNANKE -
I’d throw dollars out of helicopters if I had to, to stimulate the economy.
BEN BERNANKE -
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 BERNANKE -
Nobody really understands gold prices and I don’t pretend to understand them either.
BEN BERNANKE -
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.
BEN BERNANKE -
How much would you pay to avoid a second Depression?
BEN BERNANKE -
The Federal Reserve will not monetize the debt.
BEN BERNANKE -
I am very proud of my nerd-dom.
BEN BERNANKE







