The Federal Reserve is not currently forecasting a recession.
BEN BERNANKEThe GSEs are adequately capitalized. They are in no danger of failing.
More Ben Bernanke Quotes
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Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.
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It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
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It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
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In fact, the world needs more nerds.
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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
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Not all information is beneficial.
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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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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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The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
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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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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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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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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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The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.
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The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
BEN BERNANKE