In a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
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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If Wall Street crashes, does Main Street follow? Not necessarily.
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I don’t see much evidence of an equity bubble.
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I am confident that we will meet whatever challenges the future may bring.
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If you are not happy with yourself, even the loftiest achievements won’t bring you much satisfaction.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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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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It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
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The GSEs are adequately capitalized. They are in no danger of failing.
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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.
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Not all information is beneficial.
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Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
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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.
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The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.
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I don’t fully understand movements in the gold price.
BEN BERNANKE