Ben Bernanke actually said...

All we can try to do is try to smooth out periods where the economy is depressed because of lack of demand.

Bernanke explains the Fed's role in managing economic downturns.

07/17/2012

More Ben Bernanke Quotes

The Japanese mistake was not acting quickly enough or aggressively enough, and I think that is not our problem.

I think it is very urgent that we look at these issues and make some tough decisions.

We have already seen the stresses we saw in September. In September, we saw AIG and Lehman and other financial firms under great pressure.

If Government spending is higher, it needs to be recognized that that will involve higher taxes in order to maintain a close, reasonable bal...