QUOTES by Ben Bernanke
Find most favourite and famour Authors from A.A Milne to Zoe Kravitz.
The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it.
Quote by -Ben Bernanke
The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.
Quote by -Ben Bernanke
Only a strong economy can create higher asset values and sustainably good returns for savers.
Quote by -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.
Quote by -Ben Bernanke
When historical relationships are taken into account, it is difficult to ascribe the house price bubble either to monetary policy or to the broader macroeconomic environment.
Quote by -Ben Bernanke
Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.
Quote by -Ben Bernanke
Certainly, 9 percent unemployment and very slow growth is not a good situation.
Quote by -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.
Quote by -Ben Bernanke
Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable.
Quote by -Ben Bernanke
High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.
Quote by -Ben Bernanke
For many of us, owning a home signaled a passage into adulthood that coincided with the start of a career and family.
Quote by -Ben Bernanke
The children of the unemployed achieve less in school and appear to have reduced long-term earnings prospects.
Quote by -Ben Bernanke
Because a person has to be either working or looking for work to be counted as part of the labor force, an increase in the number of people too discouraged to continue their search for work would reduce the unemployment rate, all else being equal - but not for a positive reason.
Quote by -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.
Quote by -Ben Bernanke
Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.
Quote by -Ben Bernanke
The role of liquidity in systemic events provides yet another reason why, in the future, a more system wide or macroprudential approach to regulation is needed.
Quote by -Ben Bernanke
Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.
Quote by -Ben Bernanke
To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can reduce liquidity premiums, help restore the confidence of investors, and thus promote stability.
Quote by -Ben Bernanke
The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.
Quote by -Ben Bernanke
Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.
Quote by -Ben Bernanke
Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
Quote by -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.
Quote by -Ben Bernanke
To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.
Quote by -Ben Bernanke
Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.
Quote by -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.
Quote by -Ben Bernanke
Following an extended boom in housing, the demand for homes began to weaken in mid-2005. By the middle of 2006, sales of both new and existing homes had fallen about 15 percent below their peak levels. Homebuilders responded to the fall in demand by sharply curtailing construction.
Quote by -Ben Bernanke
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.
Quote by -Ben Bernanke
If bankers become overly conservative in response to past lending mistakes - or if examiners force such behavior - it will hurt bankers' own long-term interests and the economy in general.
Quote by -Ben Bernanke
The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.
Quote by -Ben Bernanke
The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
Quote by -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.
Quote by -Ben Bernanke
The public in many countries is understandably concerned by the commitment of substantial government resources to aid the financial industry when other industries receive little or no assistance. This disparate treatment, unappealing as it is, appears unavoidable.
Quote by -Ben Bernanke
To minimize market uncertainty and achieve the maximum effect of its policies, the Federal Reserve is committed to providing the public as much information as possible about the uses of its balance sheet, plans regarding future uses of its balance sheet, and the criteria on which the relevant decisions are based.
Quote by -Ben Bernanke
The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.
Quote by -Ben Bernanke
There will not be an automatic increase in interest rate when unemployment hits 6.5%.
Quote by -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.
Quote by -Ben Bernanke
Evolutionary psychologists suggest that humans experienced evolutionary benefits from brain developments that included aversion to loss and risk and from instincts for cooperation that helped strengthen communities.
Quote by -Ben Bernanke
In the tradition of national income accounting, economic policymakers have typically focused on variables such as income, wealth, and consumption.
Quote by -Ben Bernanke
Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years.
Quote by -Ben Bernanke
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Quote by -Ben Bernanke
The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.
Quote by -Ben Bernanke
Uncertainty is seen to retard investment independently of considerations of risk or expected return.
Quote by -Ben Bernanke
In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.
Quote by -Ben Bernanke
To achieve a more balanced international system over time, countries with excessive and unsustainable trade surpluses will need to allow their exchange rates to better reflect market fundamentals.
Quote by -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.
Quote by -Ben Bernanke