Ben Bernanke Quotes

Ben Bernanke is an American economist and former Chairman of the Federal Reserve. With his expertise in monetary policy and his leadership during the global financial crisis, he made a significant impact on the U.S. economy and played a crucial role in stabilizing and rebuilding the financial system.

I think most of us would agree that people who have, say, little formal schooling but labor honestly and diligently to help feed, clothe, and educate their families are deserving of greater respect - and help, if necessary - than many people who are superficially more successful.

In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

Community development has a long history of innova... -Ben Bernanke

Community development has a long history of innovation and learning from experience.

Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.

Many foreclosed homes are neglected or abandoned, as legal proceedings or other factors delay their resale. Deteriorating or vacant properties can, in turn, directly affect the quality of life in a neighborhood, for example, by leading to increases in vandalism or crime.

When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.

High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.

Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable.

The Fed's independence is critical.... -Ben Bernanke

The Fed's independence is critical.

I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

As an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people.

Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.

I am particularly pleased to see that the Bendheim... -Ben Bernanke

I am particularly pleased to see that the Bendheim Center for Finance is thriving.

History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.

History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.

Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound.

Only a strong economy can create higher asset valu... -Ben Bernanke

Only a strong economy can create higher asset values and sustainably good returns for savers.

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