Nobody really understands gold prices and I don’t pretend to understand them either.
BEN BERNANKELife 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.
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 takes about two and a half percent growth just to keep unemployment stable.
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If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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In fact, the world needs more nerds.
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September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
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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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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.
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So it’s important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.
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The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.
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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 benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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I don’t see much evidence of an equity bubble.
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A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.
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Not all information is beneficial.
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…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 BERNANKE