Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking 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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In fact, the world needs more nerds.
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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 impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
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The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.
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We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
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Economics is a very difficult subject. I’ve compared it to trying to learn how to repair a car when the engine is running.
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Not all information is beneficial.
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Nobody really understands gold prices and I don’t pretend to understand them either.
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Education – lifelong education for everyone – from toddlers to workers well advanced in their careers – is indeed an excellent investment for individuals and society as a whole.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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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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One might as well try to perform brain surgery with a sledgehammer.
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I assure this committee that, if I am confirmed, I will be strictly independent of all political influences… essential to that institution’s ability to function effectively and achieve its mandated objectives.
BEN BERNANKE