Political Quotes

Ben Bernanke: “The U.S. economy has contracted sharply since last fall, with real gross domestic product (GDP) having dropped at an…”

On the recordJune 2, 2009
The U.S. economy has contracted sharply since last fall, with real gross domestic product (GDP) having dropped at an average annual rate of about 6 percent.
Said by
Ben Bernanke
Republican · South Carolina

Editor's note · Context

Bernanke outlines the severe economic contraction and job losses in the U.S.

Share

More from Ben Bernanke

Jul 16, 2020

We can't defund the police. We need police, but there are concerns about police community relations and police behavior.

congress.gov
Sep 22, 2020

Nothing is more important for restoring economic growth than improving public health.

congress.gov
May 7, 2025

Undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation

vox.com
Jul 16, 2018

In 2020 Wile E. Coyote is going to go off the cliff.

congress.gov

Other voices in this conversation