The GSEs are adequately capitalized. They are in no danger of failing.
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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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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Both humanity’s capacity to innovate and the incentives to innovate are greater today than at any other time in history.
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The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending.
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It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
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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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It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
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I come from Main Street, from a small town that’s really depressed.
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The Fed is totally open.
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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.
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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.
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I don’t see much evidence of an equity bubble.
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With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.
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It takes about two and a half percent growth just to keep unemployment stable.
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[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
BEN BERNANKE