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.
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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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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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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Not all information is beneficial.
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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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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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If Wall Street crashes, does Main Street follow? Not necessarily.
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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 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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We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.
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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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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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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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The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.
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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.
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It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
BEN BERNANKE






