It takes about two and a half percent growth just to keep unemployment stable.
BEN BERNANKEIf Wall Street crashes, does Main Street follow? Not necessarily.
More Ben Bernanke Quotes
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The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.
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Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.
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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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The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.
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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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The Federal Reserve will not monetize the debt.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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Not all information is beneficial.
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The Federal Reserve is not currently forecasting a recession.
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It’s the price of success: people start to think you’re omnipotent.
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It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
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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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In fact, the world needs more nerds.
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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.
BEN BERNANKE