Ben Bernanke Quotes About Economy

Quotes about: Economy

• We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.

  Ben Bernanke

  Thinking, House, Employment

• The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

  Ben Bernanke

  Bankers, Economics, Crash

  "A Crash Course for Central Bankers" by Ben Bernanke, foreignpolicy.com. Novemeber 20, 2009.

• The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, 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.

  Ben Bernanke

  Business, Support, Principles

  "Deflation: Making Sure "It" Doesn't Happen Here". Ben Bernanke's Remarks Before the National Economists Club in Washington, D.C., www.federalreserve.gov. November 21, 2002.

• If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

  Ben Bernanke

  Depression, Earthquakes, Want

• The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.

  Ben Bernanke

  Cutting, Order, Ongoing

  "Helicopter Money" by Richard Duncan, www.businessinsider.com. July 1, 2011.

• There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, 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

  Smart, Challenges, Growth

  "A Crash Course for Central Bankers" by Ben Bernanke, foreignpolicy.com. Novemeber 20, 2009.

• A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.

  Ben Bernanke

  Wall, White, Doe

  "A Crash Course for Central Bankers" by Ben Bernanke, foreignpolicy.com. November 20, 2009.

• 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 Bernanke

  Independent, Political, Essentials

  Ben Bernanke's Testimony Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, www.federalreserve.gov. November 15, 2005.

• 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 Bernanke

  Growth, Employment, Financial

• 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 Bernanke

  Risk, Demand, Path

  Ben Bernanke's Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, www.federalreserve.gov. February 15, 2006.

• 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 Bernanke

  Long, Important, Employment

  "Semiannual Monetary Policy Report to the Congress". www.federalreserve.gov. February 15, 2006.

• The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.

  Ben Bernanke

  Impact, Financial, Problem

  "Explaining FinReg: Shadow bank runs, or the problem behind the problem". voices.washingtonpost.com. June 20, 2007.

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

  Ben Bernanke

  Europe, Acting, Financial

  "China digs its heels in as Europe crisis deepens". "The World Today" with Emily Bourke, www.abc.net.au. June 8, 2012.

• We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

  Ben Bernanke

  Financial, Economy, Significant

  "The Subprime Mortgage Market". Ben S. Bernanke's speech at the Federal Reserve Bank of Chicago’s 43rd Annual Conference on Bank Structure and Competition in Chicago, Illinois, www.federalreserve.gov. May 17, 2007.

• I'd throw dollars out of helicopters if I had to, to stimulate the economy.

  Ben Bernanke

  Dollars, Economy, Helicopters

• Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.

  Ben Bernanke

  Success, Years, Kind

• Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.

  Ben Bernanke

  Technology, Growth, Progress

  Source: www.macleans.ca

• Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

  Ben Bernanke

  Running, Long, Growth

• Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. economy. So it's important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.

  Ben Bernanke

  Strong, Mean, Important

  Source: www.macleans.ca

• 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 Bernanke

  Government, Effort, Trying

• Indeed, 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 Bernanke

  Retirement, Jobs, Goal

  "If You're A Saver, Ben Bernanke Has A Special Message For You" by Joe Weisenthal, www.businessinsider.com. September 14, 2012.

• The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.

  Ben Bernanke

  Past, Risk, Months

  "MAULDIN: Economists Are Totally Clueless About The Economy" by John Mauldin, www.businessinsider.com. June 16, 2013.

• The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

  Ben Bernanke

  Financial, Economy, Expanding

  "DAVID ROSENBERG: Mario Draghi Just Uttered His Famous Last Words" by Mamta Badkar, www.businessinsider.com. July 27, 2012.

• Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.

  Ben Bernanke

  Change, Technology, Years

  "Letting the air out". www.economist.com. November 19, 2008.

• Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.

  Ben Bernanke

  Struggle, Risk, Economy

  "Ben Bernanke’s Secret Code" by Kevin Drum, www.motherjones.com. November 16, 2010.

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