I am very proud of my nerd-dom.
BEN BERNANKEThe benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
More Ben Bernanke Quotes
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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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I don’t fully understand movements in the gold price.
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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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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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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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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending.
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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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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.
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I come from Main Street, from a small town that’s really depressed.
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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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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy’s greatest contribution to general economic prosperity and maximum employment.
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The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
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If Wall Street crashes, does Main Street follow? Not necessarily.
BEN BERNANKE