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 understanding of the best practice in monetary policy evolved during Alan Greenspan's tenure at the Fed, and it will continue to evolve in the future,
Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.
To support continued healthy growth, vigilance in regard to inflation is essential.
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.
High energy prices are burdening household budgets and raising production costs, and continued increases would at some point restrain economic growth.
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.
If I am confirmed by the Senate I will do everything in my power, in collaboration with by Fed colleagues to help assure the continued prosperity and stability of the American economy,
The high energy prices are certainly burdening consumer budgets, they are burdening cost structures of firms and certainly continued increases in energy prices are a risk for economic growth going forward.
The Fed needs an approach that consolidates the gains of the Greenspan years and ensures that those successful policies will continue - even if future Fed chairmen are less skillful or less committed to price stability than Mr. Greenspan has been.
I think at this point in time that the inverted yield curve is not signaling a slowdown.
I think there's a good chance we'll dodge the bullet this time.
I see inflation as remaining well-contained going forward.
Over the past decade a combination of diverse forces has created a significant increase in the global supply of saving -- a global saving glut,
Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.