We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
BEN BERNANKEI don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
More Ben Bernanke Quotes
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I come from Main Street, from a small town that’s really depressed.
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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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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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I am confident that we will meet whatever challenges the future may bring.
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The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.
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The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
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I don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
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Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve’s other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
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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 financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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It takes about two and a half percent growth just to keep unemployment stable.
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If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.
BEN BERNANKE