If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.
BEN BERNANKEThe 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.
More Ben Bernanke Quotes
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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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I assure this committee that, if I am confirmed, I will be strictly independent of all political influences… essential to that institution’s ability to function effectively and achieve its mandated objectives.
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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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It’s the price of success: people start to think you’re omnipotent.
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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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Not all information is beneficial.
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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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How much would you pay to avoid a second Depression?
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…the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
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I am confident that we will meet whatever challenges the future may bring.
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In fact, the world needs more nerds.
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A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
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Economics 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 BERNANKE