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.
Dec 2, 2009
Some of the steps we have taken, like the AIG episode, for example, obviously have hurt the Fed a lot politically.
Dec 2, 2009
I do agree with that. Fannie Mae and Freddie Mac are particular problems and issues have to be addressed.
Dec 2, 2009
The Fed has been very much engaged in trying to improve credit access for small businesses.
Dec 2, 2009
The unemployment rate is very high, and it is a tremendous problem, and it obviously means a lot of hardship for a lot of people.
Dec 2, 2009
I would also like to express my gratitude to President Obama for nominating me to a second term as Chairman of the Board of Governors of the Federal Reserve System and for his support for a strong and independent Federal Reserve.
Dec 2, 2009
Those are the programs which are growing. At the rate we are going, in about 15 years the entire Federal budget will be entitlements and interest.
Dec 2, 2009
Well, it is technically a recovery in that it is growing and that we are no longer declining, but it is certainly not a satisfactory situation since we have a 10-percent unemployment rate.
Dec 2, 2009
I think there is an appropriate division of labor: Congress and the administration, fiscal policy; Federal Reserve, monetary policy.
Dec 2, 2009
The government can provide various incentives, encouragements, to banks to do what in many cases is really in their own interest.
Dec 2, 2009
I agree with you about remittances. That has been an interest of mine for some time.
Dec 2, 2009
I am not in any way advocating unfair treatment of the elderly who have worked all their lives and certainly deserve our support and help.
Dec 2, 2009
I think the institution with the most experience in these kinds of resolutions is the FDIC.
Dec 2, 2009
countries that have independent central banks, that make monetary policy without political intervention, have lower inflation, lower interest rates, and better performance
Dec 2, 2009
We have continued to keep interest rates close to zero to try to stimulate growth.
Dec 2, 2009
I think living wills, while they are not a panacea, can be a useful adjunct to supervision.
Jul 20, 2009
we are quite open to discussing any kind of extraordinary lending that we do in terms of making sure that Congress is comfortable that we are taking all the steps necessary to protect the taxpayer
Jul 7, 2009
Improved resolution procedures . . . would help reduce the 'too-big-to-fail' problem by narrowing the range of circumstances that might be expected to prompt government action.
Jun 2, 2009
From a fiscal perspective, the reforms to health care need to address the cost issue.
Jun 2, 2009
I think many people are convinced that the way Fannie and Freddie were set up before was not entirely satisfactory, and we need to have some rethinking about what role the government should play in the housing market.
Jun 2, 2009
The Fed is involved very unwillingly because there is no good system for addressing the failure of a major financial institution.
Politicians like Ben Bernanke
