The central bank needs to be able to make policy without short term political concerns.
BEN BERNANKEThe people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.
More Ben Bernanke Quotes
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It takes about two and a half percent growth just to keep unemployment stable.
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The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.
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The Federal Reserve will not monetize the debt.
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Nobody really understands gold prices and I don’t pretend to understand them either.
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The Fed is totally open.
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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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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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House 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.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.
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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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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy’s greatest contribution to general economic prosperity and maximum employment.
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I don’t fully understand movements in the gold price.
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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 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.
BEN BERNANKE