Nobody really understands gold prices and I don’t pretend to understand them either.
BEN BERNANKENobody really understands gold prices and I don’t pretend to understand them either.
BEN BERNANKEI come from Main Street, from a small town that’s really depressed.
BEN BERNANKEI don’t see much evidence of an equity bubble.
BEN BERNANKEWith 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.
BEN BERNANKEEconomics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
BEN BERNANKEThe impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
BEN BERNANKEIn the future, my communications with the public and with the markets will be entirely through regular and formal channels.
BEN BERNANKENot all information is beneficial.
BEN BERNANKELife is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.
BEN BERNANKEIt is not the responsibility of the Federal Bank – nor would it be appropriate – to protect lenders and investors from the consequences of their decisions
BEN BERNANKEThe Fed is totally open.
BEN BERNANKEIt’s the price of success: people start to think you’re omnipotent.
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.
BEN BERNANKEI don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
BEN BERNANKEThe amount of currency in circulation is not changing. The money supply is not changing in any significant way.
BEN BERNANKEThe central bank needs to be able to make policy without short term political concerns.
BEN BERNANKE