Developments in financial markets can have broad economic effects felt by many outside the markets.
BEN BERNANKE[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
More Ben Bernanke Quotes
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In fact, the world needs more nerds.
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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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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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One might as well try to perform brain surgery with a sledgehammer.
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The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.
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I don’t see much evidence of an equity bubble.
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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.
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Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
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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 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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…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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The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.
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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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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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The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending.
BEN BERNANKE