Anthropic has created a unique governance structure to try to ensure that the long-run benefits of AI for humanity far outweigh the risks.
Ben Bernanke
The Public Record
Ben Bernanke is an American economist and former chairman of the Federal Reserve, serving from 2006 to 2014. Although he is primarily known for his role in managing the U.S. monetary policy during the financial crisis of 2008, Bernanke has also contributed to economic research and policy discussions. He is a member of the Republican Party and has ties to South Carolina. Bernanke's tenure at the Federal Reserve was marked by significant actions to stabilize the economy, including implementing quantitative easing and other unconventional monetary policies. After leaving the Federal Reserve, he has continued to engage in economic analysis and commentary.
undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation
Financial risk tends to migrate around regulatory obstacles like a river flows around rocks.
Nothing is more important for restoring economic growth than improving public health.
Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.
We can't defund the police. We need police, but there are concerns about police community relations and police behavior.
making derivatives safer is very important, part of solving Too Big to Fail and preventing another financial crisis.
Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and crowd out private investment and are bad for growth and productivity.
Although monetary policy is working to promote a more robust recovery, it cannot carry the entire burden of ensuring a speedier return to economic health. The economy's performance both over the near term and the longer run will depend…
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.
The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least in areas such as retraining unemployed workers.
The economy needed help from Congress, if not from additional spending on roads and bridges, for example, then at least in areas such as retraining unemployed workers.
the worst financial crisis in global history, including the Great Depression.
the unemployment rate right now is not a very good measure by itself of the economy.
Congress did not intend for the Federal regulators to discard the State risk-based capital system in favor of a banking capital regime.
Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.
We are working hard with our colleagues to put the Volcker rule into place, and that will restrict proprietary trading.
The crisis was an enormous waste of resources, and unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society.
We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.





