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
This necessary spending should not, however, jeopardize the president' long-term deficit-reduction goals.
I am going to begin now a practice of not making recommendations on specific tax and spending proposals.
Under a paper-money system, a determined government can always generate higher spending and hence positive inflation,
There is a deficit; I'd like to see it lowered. But it's up to Congress to decide whether that should be done by higher taxes, lower spending or some combination.
Low marginal tax rates are supportive of economic growth. I would submit that we would want to look very hard at government spending - make sure it's controlled - before we raise taxes, which, in turn, would have negative impacts on the economy.
impact on consumer spending and production broadly will be modest.
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.