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.
BEN BERNANKEIndeed, 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.
More Ben Bernanke Quotes
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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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Nobody really understands gold prices and I don’t pretend to understand them either.
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The Fed is totally open.
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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.
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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 don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
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Both humanity’s capacity to innovate and the incentives to innovate are greater today than at any other time in history.
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I generally leave the details of fiscal programs to the Administration and Congress. That’s really their area of authority and responsibility, and I don’t think it’s appropriate for me to second guess.
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House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.
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It is not the responsibility of the Federal Bank – nor would it be appropriate – to protect lenders and investors from the consequences of their decisions
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The Federal Reserve is not currently forecasting a recession.
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I don’t fully understand movements in the gold price.
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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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The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
BEN BERNANKE