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.
BEN BERNANKEIt must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
More Ben Bernanke Quotes
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The GSEs are adequately capitalized. They are in no danger of failing.
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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
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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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If you are not happy with yourself, even the loftiest achievements won’t bring you much satisfaction.
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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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The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.
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I come from Main Street, from a small town that’s really depressed.
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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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The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
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Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.
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The Fed is totally open.
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It takes about two and a half percent growth just to keep unemployment stable.
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Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.
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Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.
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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
BEN BERNANKE