Ben Bernanke
Ben Bernanke
Ben Shalom Bernankeis 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...
NationalityAmerican
ProfessionPolitician
Date of Birth13 December 1953
CityAugusta, GA
CountryUnited States of America
Our mission as set forth by the Congress is a critical one.
After several false starts, the economy is showing signs of sustained recovery,
The most recent evidence ... suggests that the economic expansion remains on track.
As long as we find that the energy impact is only temporary ... my guess is that the effects on the overall economy will be fairly modest.
The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.
Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.
According to government ethics rules ... it is permissible for a retired (Fed) governor to speak in public about the economy so long as he or she does not divulge confidential information. I have no indication that he has violated that rule.
According to government ethics rules and FOMC rules, it is permissible for a retired governor to speak in public about the economy, so long as he or she does not divulge confidential information. I have no indication that he has violated that rule.
Some influential voices of the time argued that by accepting higher inflation, policy-makers could bring about a permanently lower rate of unemployment.
I see inflation as remaining well-contained going forward.
By not tying policy to a small set of forecast indicators, we may sacrifice some degree of simplicity, but we are less likely to be misled when a favored variable behaves in an unusual manner.
There will not be an automatic increase in interest rate when unemployment hits 6.5%.
I do not subscribe to any rigid and mechanical rule ... I intend to be flexible and to learn from experience.
Inflation is not even a remote risk in the U.S.. Because inflation is so low, monetary policy can afford to be patient to be sure that the recovery is sustained.