Ben Bernanke Quotes

We believe that - the President believes that the economy will continue to grow, that the economy will continue to create jobs, and that we need to do everything we can to enhance that growth and enhance that job creation.

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

China needs a currency that reflects underlying economic fundamentals.

We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.

Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions when we take into account the net present value of the future Social Security and Medicaid obligations we are creating today.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.

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.

Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus, and we've done okay not because of it, but despite it.

The Fed [Federal Reserve System], whether it likes it or not, is required to provide adequate reserves to the banking system in order for the government to finance its needs, even when that is inflationary.

What you need to be concerned about is the rate of inflation and the direction of interest rates. If they are both going in the wrong direction in 1980, you're not going to be re-elected.

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

When inflation begins to rise, that's a situation we know how to deal with. When the economy is not doing well, and we're stuck at zero, that's one we don't know so much about - or we know about it that it's bad.

We want a money that some government mandarin can't just whisk into existence with a pen stroke.

For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.

Forget quantitative easing - I've always thought the idea of injecting virtual money into the system is an accident waiting to happen.

It is an established scientific fact that monetary policy has had virtually no effect on output and employment in the U.S. since the formation of the Fed.

The prevailing view is that the easy way to stimulate economic growth is to have a low currency.

The government must do all it can to help reduce interest rates for business.

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

The Adversity Index was created by msnbc.com and Moody's Analytics to track the economic fortunes of states and metro areas. Each month, the Adversity Index uses government data on employment, industrial production, housing starts and home prices to label each area as expanding, at risk of recession, in recession or recovering.

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that.

Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.