Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee (FOMC) would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step. Ben Bernanke More Ben Bernanke Quotes 0
I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment. Ben Bernanke More Ben Bernanke Quotes 0
If I am confirmed, I will be strictly independent of all political influences and will be guided solely by the Federal Reserve's mandate from Congress and by the public interest. Ben Bernanke More Ben Bernanke Quotes 0
I believe that the Federal Reserve's success in reducing and stabilizing inflation and inflation expectations is a major reason for this improved economic performance. Ben Bernanke More Ben Bernanke Quotes 0
One might as well try to perform brain surgery with a sledgehammer. Ben Bernanke More Ben Bernanke Quotes 0
Reducing the burdens borne by displaced workers is the right and fair thing to do. If workers are less fearful of change, less pressure will be exerted on politicians to erect trade barriers or to take other actions that would reduce the flexibility and dynamism of the U.S. economy. Ben Bernanke More Ben Bernanke Quotes 0
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. Ben Bernanke More Ben Bernanke Quotes 0
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. Ben Bernanke More Ben Bernanke Quotes 0
The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation. Ben Bernanke More Ben Bernanke Quotes 0