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
Under constrained discretion, the central bank is free to do its best to stabilize output and employment in the face of short-run disturbances, with the appropriate caution born of our imperfect knowledge of the economy and of the effects of policy (this is the 'discretion' part of constrained discretion),
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
Doing this well requires a deep knowledge of the data mixed with a goodly dose of economic theory and economic judgment, ... Greenspan is, of course, a master.
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.
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,
Our assessment currently is that the risks to inflation are perhaps the more significant at the moment, and we need to address that.
Roger made invaluable contributions to the Federal Reserve and to the country.
Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.
Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.
Most of the policies that support robust economic growth in the long run are outside the province of the central bank.