• 
• 
• 
• 
• 
• 

1. black
2. grey
3. blue
4. red
5. brown
6. white

The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.

Ben Bernanke

Related Topics

MonthsPastRisk

Popular Authors

Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

| Next

More Ben Bernanke Quotes

• 

  I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

  BEN BERNANKE
  CasualFinancialProblemRelationship
• 

  The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

  BEN BERNANKE
  EconomyExpandingFinancial
• 

  The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

  BEN BERNANKE
  CurrencySignificantWay
• 

  A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.

  BEN BERNANKE
  CuttingHelicoptersMilton
• 

  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
  EmploymentImportantLong
• 

  We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

  BEN BERNANKE
  EconomyFinancialSignificant
• 

  The central bank needs to be able to make policy without short term political concerns.

  BEN BERNANKE
  AbleNeedsPolitical
• 

  If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy’s greatest contribution to general economic prosperity and maximum employment.

  BEN BERNANKE
  EmploymentFocusLong
• 

  It is not the responsibility of the Federal Bank – nor would it be appropriate – to protect lenders and investors from the consequences of their decisions

  BEN BERNANKE
  DecisionEconomicsResponsibility
• 

  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.

  BEN BERNANKE
  DemandPathRisk
• 

  Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.

  BEN BERNANKE
  EconomyRiskStruggle
• 

  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.

  BEN BERNANKE
  GovernmentTechnologyWish
• 

  How much would you pay to avoid a second Depression?

  BEN BERNANKE
  BorrowDepressionGreatPay
• 

  The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

  BEN BERNANKE
  BankersCrashEconomics
• 

  Not all information is beneficial.

  BEN BERNANKE
  BeneficialInformation
• 

  Education – lifelong education for everyone – from toddlers to workers well advanced in their careers – is indeed an excellent investment for individuals and society as a whole.

  BEN BERNANKE
  CareerEducationMoney