The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
BEN BERNANKEI and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
More Ben Bernanke Quotes
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The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.
BEN BERNANKE -
It’s the price of success: people start to think you’re omnipotent.
BEN BERNANKE -
The GSEs are adequately capitalized. They are in no danger of failing.
BEN BERNANKE -
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
BEN BERNANKE -
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
BEN BERNANKE -
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.
BEN BERNANKE -
How much would you pay to avoid a second Depression?
BEN BERNANKE -
It takes about two and a half percent growth just to keep unemployment stable.
BEN BERNANKE -
I don’t fully understand movements in the gold price.
BEN BERNANKE -
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 -
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.
BEN BERNANKE -
[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
BEN BERNANKE -
Developments in financial markets can have broad economic effects felt by many outside the markets.
BEN BERNANKE -
The central bank needs to be able to make policy without short term political concerns.
BEN BERNANKE -
September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
BEN BERNANKE