The GSEs are adequately capitalized. They are in no danger of failing.
BEN BERNANKESeptember and October of 2008 was the worst financial crisis in global history, including the Great Depression.
More Ben Bernanke Quotes
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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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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.
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I am very proud of my nerd-dom.
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It’s the price of success: people start to think you’re omnipotent.
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Nobody really understands gold prices and I don’t pretend to understand them either.
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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.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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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.
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The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
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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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We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
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The Federal Reserve will not monetize the debt.
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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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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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The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
BEN BERNANKE