I don’t fully understand movements in the gold price.
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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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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Nobody really understands gold prices and I don’t pretend to understand them either.
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The GSEs are adequately capitalized. They are in no danger of failing.
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The American people are among the most productive in the world. We have the best technologies. We have – great universities. We have entrepreneurs.
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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.
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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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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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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 confident that we will meet whatever challenges the future may bring.
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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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Speaking as somebody who has been happily married for 35 years, I can’t imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.
BEN BERNANKE -
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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Economics is a very difficult subject. I’ve compared it to trying to learn how to repair a car when the engine is running.
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I assure this committee that, if I am confirmed, I will be strictly independent of all political influences… essential to that institution’s ability to function effectively and achieve its mandated objectives.
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Under current law, on January 1, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases.
BEN BERNANKE