Quotes by Ben Bernanke

The Fed is totally open.
- Ben Bernanke
A little humility never hurts.
- Ben Bernanke
I am very proud of my nerd-dom.
- Ben Bernanke
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Actually, I'm a Republican.
- Ben Bernanke
Monetary policy is not a panacea.
- Ben Bernanke
In fact, the world needs more nerds.
- Ben Bernanke
There are limits to monetary policy.
- Ben Bernanke
The Fed's independence is critical.
- Ben Bernanke
Chairman Greenspan is, of course, a master.
- Ben Bernanke
How much would you pay to avoid a second Depression?
- Ben Bernanke
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The world has a great deal more to offer than money.
- Ben Bernanke
If two people always agree, one of them is redundant.
- Ben Bernanke
Aggregate statistics can sometimes mask important information.
- Ben Bernanke
Interest rates are used to achieve overall economic stability.
- Ben Bernanke
I don't know why there aren't more Depression buffs.
- Ben Bernanke
All the Federal Reserve can do is make loans against collateral.
- Ben Bernanke
Different countries have different kinds of financial structures.
- Ben Bernanke
You want to put the fire out first and then worry about the fire code.
- Ben Bernanke
Preventing liquidation of an unbalanced market will leave you in tears.
- Ben Bernanke
I come from Main Street, from a small town that's really depressed.
- Ben Bernanke
We should see better and more direct measurements of economic well being.
- Ben Bernanke
The Federal Reserve cannot solve all the economy's problems on its own.
- Ben Bernanke
It's the price of success: people start to think you're omnipotent.
- Ben Bernanke
It takes about two and a half percent growth just to keep unemployment stable.
- Ben Bernanke
Identity theft is a serious crime that affects millions of Americans each year.
- Ben Bernanke
Certainly, 9 percent unemployment and very slow growth is not a good situation.
- Ben Bernanke
I am particularly pleased to see that the Bendheim Center for Finance is thriving.
- Ben Bernanke
I got into economics because I wanted to make things better for the average person.
- Ben Bernanke
Small businesses have played an important role in fueling past economic recoveries.
- Ben Bernanke
Community development has a long history of innovation and learning from experience.
- Ben Bernanke
In the past, Federal Reserve chairmen have not generally gone directly to the public.
- Ben Bernanke
Obviously, I haven't succeeded in defusing the political concerns about the Fed.
- Ben Bernanke
There will not be an automatic increase in interest rate when unemployment hits 6.5%.
- Ben Bernanke
The central bank needs to be able to make policy without short term political concerns.
- Ben Bernanke
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.
- Ben Bernanke
Only a strong economy can create higher asset values and sustainably good returns for savers.
- Ben Bernanke
A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.
- Ben Bernanke
China is growing very quickly and is clearly becoming an important player in the world economy.
- Ben Bernanke
Developments in financial markets can have broad economic effects felt by many outside the markets.
- Ben Bernanke
Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
- Ben Bernanke
Uncertainty is seen to retard investment independently of considerations of risk or expected return.
- Ben Bernanke
In a slow-growing world that is short on aggregate demand, Germany's trade surplus is a problem.
- Ben Bernanke
If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.
- Ben Bernanke
The banks have accounts with the Fed, much the same way that you have an account in a commercial bank.
- Ben Bernanke
As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.
- Ben Bernanke
To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.
- Ben Bernanke
In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes.
- Ben Bernanke
The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.
- Ben Bernanke
I don't think there are any students who should not be exposed to a basic financial literacy course.
- Ben Bernanke
If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.
- Ben Bernanke
It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
- Ben Bernanke
The children of the unemployed achieve less in school and appear to have reduced long-term earnings prospects.
- Ben Bernanke
The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
- Ben Bernanke
Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.
- Ben Bernanke
History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
- Ben Bernanke
The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
- Ben Bernanke
Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.
- Ben Bernanke
If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
- Ben Bernanke
If you take a candy bar in the short run, it gives you a burst of energy, but after a while, it just makes you fat.
- Ben Bernanke
Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.
- Ben Bernanke
It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
- Ben Bernanke
For many of us, owning a home signaled a passage into adulthood that coincided with the start of a career and family.
- Ben Bernanke
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
- Ben Bernanke
Most of the policies that support robust economic growth in the long run are outside the province of the central bank.
- Ben Bernanke
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
To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.
- Ben Bernanke
In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
- Ben Bernanke
Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.
- Ben Bernanke
The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.
- Ben Bernanke
One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be.
- Ben Bernanke
Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.
- Ben Bernanke
A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets.
- Ben Bernanke
I would argue that no financial instrument counted as regulatory capital should be allowed to receive any protection from losses.
- Ben Bernanke
The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.
- Ben Bernanke
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
- Ben Bernanke
The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.
- Ben Bernanke
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.
- Ben Bernanke
Banks will have to win the confidence of their customers through fair dealing, making good loans, and remaining financially healthy.
- Ben Bernanke
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
- Ben Bernanke
I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.
- Ben Bernanke
Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.
- Ben Bernanke
As an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people.
- Ben Bernanke
Honest error in the face of complex and possibly intractable problems is a far more important source of bad results than are bad motives.
- Ben Bernanke
Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.
- Ben Bernanke
Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.
- Ben Bernanke
If you're in a car crash, you're mostly involved in trying to not go off the bridge, and later on you say, 'Oh my God!'
- Ben Bernanke
Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.
- Ben Bernanke
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
- Ben Bernanke
The American people are among the most productive in the world. We have the best technologies. We have great universities. We have entrepreneurs.
- Ben Bernanke
People saw the Depression as a necessary thing - a chance to squeeze out the excesses, get back to Puritan morality. That just made things worse.
- Ben Bernanke
In the tradition of national income accounting, economic policymakers have typically focused on variables such as income, wealth, and consumption.
- Ben Bernanke
The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.
- Ben Bernanke
The movement toward a holistic approach to community development has been long in the making, but the housing crisis has motivated further progress.
- Ben Bernanke
Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system.
- Ben Bernanke
In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of the U.S. labor market.
- Ben Bernanke
History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
- Ben Bernanke
Market discipline can only limit moral hazard to the extent that debt and equity holders believe that, in the event of distress, they will bear costs.
- Ben Bernanke
Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products.
- Ben Bernanke
Many savers are also homeowners; indeed, a family's home may be its most important financial asset. Many savers are working, or would like to be.
- Ben Bernanke
My proposal that Fed governors should signal their commitment to public service by wearing Hawaiian shirts and Bermuda shorts has so far gone unheeded.
- Ben Bernanke
I have spoken about deficits, and I think deficits are important because they address broad economic and financial stability. We need to talk about that.
- Ben Bernanke
In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking.
- Ben Bernanke
Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
- Ben Bernanke
Now that I'm a civilian again, I can once more comment on economic and financial issues without my words being put under the microscope by Fed watchers.
- Ben Bernanke
Well, optimism's a good thing. It - makes people go out and - you know, start businesses and spend and do whatever is necessary to get the economy going.
- Ben Bernanke
The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it.
- Ben Bernanke
At the most basic level, a central bank must be clear and open about its actions and operations, particularly when they involve the deployment of public funds.
- Ben Bernanke