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Ben Bernanke Quotes

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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 Bernanke Quotes) A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself  (Ben Bernanke Quotes) 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 Quotes) 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 Quotes) 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 Bernanke Quotes) Both humanity’s capacity to innovate and the incentives to innovate are greater today than at any other time in history  (Ben Bernanke Quotes)
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