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
I think at this point in time that the inverted yield curve is not signaling a slowdown.
Some influential voices of the time argued that by accepting higher inflation, policy-makers could bring about a permanently lower rate of unemployment.
To achieve a more balanced international system over time, countries with excessive and unsustainable trade surpluses will need to allow their exchange rates to better reflect market fundamentals.
The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.
At some point in the future, the committee may decide to take no action at one or more meetings in the interest of allowing more time to receive information relevant to the outlook.
History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009.
Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.
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.