The Federal Reserve is not currently forecasting a recession.
BEN BERNANKE
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
More Ben Bernanke Quotes
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The Federal Reserve is not currently forecasting a recession.
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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.
BEN BERNANKE -
The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
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I 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.
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In a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
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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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Monetary 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
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