Under current law, on January 1, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases.
BEN BERNANKEUnder current law, on January 1, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases.
BEN BERNANKE…the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals
BEN BERNANKEI don’t see much evidence of an equity bubble.
BEN BERNANKEI’d throw dollars out of helicopters if I had to, to stimulate the economy.
BEN BERNANKEI 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.
BEN BERNANKEThe Federal Reserve will not monetize the debt.
BEN BERNANKENobody 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.
BEN BERNANKEDevelopments in financial markets can have broad economic effects felt by many outside the markets.
BEN BERNANKEHouse 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.
BEN BERNANKENobody really understands gold prices and I don’t pretend to understand them either.
BEN BERNANKEHow much would you pay to avoid a second Depression?
BEN BERNANKEA gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.
BEN BERNANKEBoth humanity’s capacity to innovate and the incentives to innovate are greater today than at any other time in history.
BEN BERNANKEIf Wall Street crashes, does Main Street follow? Not necessarily.
BEN BERNANKEWith 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.
BEN BERNANKEThe Federal Reserve is not currently forecasting a recession.
BEN BERNANKE