The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
BEN BERNANKEMonetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand
More Ben Bernanke Quotes
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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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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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Under current law, on January 1, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases.
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I am very proud of my nerd-dom.
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How much would you pay to avoid a second Depression?
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Both humanity’s capacity to innovate and the incentives to innovate are greater today than at any other time in history.
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If your uniform isn’t dirty, you haven’t been in the game.
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I don’t fully understand movements in the gold price.
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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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The Federal Reserve is not currently forecasting a recession.
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The Fed is totally open.
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I am confident that we will meet whatever challenges the future may bring.
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It’s the price of success: people start to think you’re omnipotent.
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The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
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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.
BEN BERNANKE