Feb 25, 2013
the Congress ought to think carefully about how it taxes and spends and try and achieve the best outcomes it can
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.
congress.gov
Jul 17, 2012
Broadly speaking, fiscal policy both at the Federal and the State and local level is now contractionary.
Jul 17, 2012
It is possible that some of these regulations have some impact on the cost of credit, but there has been a lot of analysis that suggests that the benefits in terms of reducing the risk of a financial crisis are extremely large.
Jul 17, 2012
I think everything in the bill is basically fine except for getting rid of this exemption for monetary policy deliberations and operations.
Jul 17, 2012
I absolutely agree with Dr. Paul that the Federal Reserve needs to be transparent and it needs to be accountable.
Jul 17, 2012
We haven't had the recovery we would like, but certainly, monetary policy has contributed to growth and reduction of unemployment in the last 3 years.
Jul 17, 2012
If we pursued that policy, it would actually not be helpful toward full employment.
Jul 17, 2012
All we can try to do is try to smooth out periods where the economy is depressed because of lack of demand.
Jul 16, 2012
It would reduce a lot of the uncertainty that we see. It would address a very important problem, and it would show the ability of our political system to deliver important results.
Jul 16, 2012
The most effective way that the Congress could help to support the economy right now would be to work to address the Nation's fiscal challenges in a way that takes into account both the need for long-run sustainability and the fragility of…
Jul 16, 2012
The best way to address the problem, at least in the near term, would be to reform the way those numbers were collected so that the LIBOR rate that was set would be, in fact, an accurate representation.
Jul 16, 2012
We have been in communication with the British Bankers Association. They made some changes, but not as much as we would like.
Jul 16, 2012
What we need is a strategy which addresses the long-run sustainability issues.
Jul 16, 2012
It would be better to make that plan soon but to have the effects come in more gradually.
Jul 16, 2012
I think the choice is between spending and taxes, and the mix and the kinds of taxes and so on, I think that is really a congressional responsibility.
Jul 16, 2012
If the fiscal cliff is allowed to happen, it would probably knock the recovery back into a recession and cost a lot of jobs.
Jul 16, 2012
I think it is extremely important that we address too big to fail, and this is one way to make banks take into account that their own size does impose a cost on the rest of society and make them respond to that.
Jul 16, 2012
It is important for us as a Nation to create a fiscal policy that achieves both the short-term and long-term objectives.
Jul 16, 2012
I think just delaying everything, just saying we are not going to do it, put it off a year, I think that would be a very bad outcome.
Jul 16, 2012
Our mandate tells us to do the best we can for employment and price stability, and we will continue to do that.
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