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
I am very proud of my nerd-dom.
More Ben Bernanke Quotes
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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 -
Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.
BEN BERNANKE -
It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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The Federal Reserve is not currently forecasting a recession.
BEN BERNANKE -
We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.
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Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.
BEN BERNANKE -
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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I come from Main Street, from a small town that’s really depressed.
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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.
BEN BERNANKE -
I am very proud of my nerd-dom.
BEN BERNANKE -
Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.
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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 risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
BEN BERNANKE