The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
BEN BERNANKEThe impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
More Ben Bernanke Quotes
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The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
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House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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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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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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In fact, the world needs more nerds.
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Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand
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A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.
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If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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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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I generally leave the details of fiscal programs to the Administration and Congress. That’s really their area of authority and responsibility, and I don’t think it’s appropriate for me to second guess.
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Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn’t dirty, you haven’t been in the game.
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Nobody really understands gold prices and I don’t pretend to understand them either.
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While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.
BEN BERNANKE