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 BERNANKEThe amount of currency in circulation is not changing. The money supply is not changing in any significant way.
More Ben Bernanke Quotes
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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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A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
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The Federal Reserve is not currently forecasting a recession.
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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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We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.
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I am very proud of my nerd-dom.
BEN BERNANKE -
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 don’t see much evidence of an equity bubble.
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I don’t fully understand movements in the gold price.
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It’s the price of success: people start to think you’re omnipotent.
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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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Not all information is beneficial.
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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 risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
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I am confident that we will meet whatever challenges the future may bring.
BEN BERNANKE