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 BERNANKEAlthough low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.
More Ben Bernanke Quotes
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Nobody really understands gold prices and I don’t pretend to understand them either.
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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 don’t fully understand movements in the gold price.
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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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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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If you are not happy with yourself, even the loftiest achievements won’t bring you much satisfaction.
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I am very proud of my nerd-dom.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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The Federal Reserve is not currently forecasting a recession.
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I come from Main Street, from a small town that’s really depressed.
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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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Not all information is beneficial.
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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
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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.
BEN BERNANKE