September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
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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It’s the price of success: people start to think you’re omnipotent.
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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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Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. econom.
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One might as well try to perform brain surgery with a sledgehammer.
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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.
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I come from Main Street, from a small town that’s really depressed.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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If your uniform isn’t dirty, you haven’t been in the game.
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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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The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
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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.
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Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
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I am confident that we will meet whatever challenges the future may bring.
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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
BEN BERNANKE