Ben Shalom Bernanke Quotes

• Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve’s other mandate objectives of maximum sustainable employment and moderate long-term interest rates.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Achieving, Important

• 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.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Assure, Confirmed

• Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.

  Ben Shalom Bernanke

  Topics in Effort

  Tags in Needs

• The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Code, Inefficiency

• Well, the U.S., of course, is the world’s largest economy. It’s about a quarter of the world’s output. It’s also home to many of the largest financial institutions and financial markets.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Large, Course

• The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions.

  Ben Shalom Bernanke

  Topics in Economy

  Tags in Crisis

• Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Congress, Mission

• The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Agency, Federal

• If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy’s greatest contribution to general economic prosperity and maximum employment.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Confident

• The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

  Ben Shalom Bernanke

  Topics in History

• The Fed is totally open.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Open

• 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.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Crisis, Interest

• The central bank needs to be able to make policy without short term political concerns.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Needs, Bank

• The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Benefit, Central

• The American people are among the most productive in the world. We have the best technologies. We have great universities. We have entrepreneurs.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in People, American

• 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 Shalom Bernanke

  Topics in Uncategorized

  Tags in People, Good

• The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Circulation, Currency

• The Federal Reserve’s job is to do the right thing, to take the long-run interest of the economy to heart, and that sometimes means being unpopular. But we have to do the right thing.

  Ben Shalom Bernanke

  Topics in Job

  Tags in Right

• 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.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Guidance

• The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.

  Ben Shalom Bernanke

  Topics in Uncategorized

  Tags in Economist

Ben Shalom Bernanke (40)

Birth:	13th December, 1953
Nationality:	American
Profession:	Politician

About

Ben Shalom Bernanke is an American economist at the Brookings Institution who served two terms as chairman of the Federal Reserve, the central bank of the United States from 2006 to 2014. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave.

Related Authors

• Gilles Duceppe
• Joseph Chamberlain
• Roy Romer
• Cyril Smith
• Elijah Cummings
• William V. Roth, Jr.
• James L. Buckley
• John McKinley
• Sam Dash
• Seth Low

Advertisement

Today's Anniversary - 21st January

Births

• 1962 - Marie Trintignant
• 1884 - Texas Guinan
• 1824 - Stonewall Jackson
• 1941 - Placido Domingo
• 1976 - Kirsty Gallacher

Deaths

• 2008 - Evan G. Galbraith
• 1932 - Lytton Strachey
• 1924 - Vladimir Lenin
• 1997 - Colonel Tom Parker
• 1870 - Alexander Herzen