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.
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…
It is one of the principal motivations for the so-called QE2 we did in November of 2010 to avoid deflationary pressures.
The American Jobs Act is a prime example, unfortunately, of stalled legislation in the House.
the potential expiration of the so-called Bush tax cuts, the 2001-2003 tax cuts, is the single biggest item in the fiscal cliff
We do not want inflation above that, but we also do not want inflation well below that.
I have always said... you do not want to just do short-run stuff and ignore the long-run.
We cannot allow the European austerity model and allow growth to just continue to fail.
Startup companies--companies under 5-years old--create a very substantial part of jobs added to the economy.
I think, though, the Federal Reserve in general and I personally would have to agree that there are still some risks in the money market mutual funds.
we could achieve the very desirable long-run fiscal consolidation that we definitely need.
eventually at some point, the economy will strengthen, inflation may begin to rise, and the Fed will have to begin to raise short-term interest rates.
we will face a fiscal and financial crisis that would be very bad for growth and for stability.
increase democratic accountability, promote constructive dialog between policy makers and informed outsiders, and reduce uncertainty in financial markets and help anchor the public's expectations of long-run inflation.
Well, the issue that the Europeans and the Canadians and the Japanese and others have raised is that because there is an exemption for U.S. Treasurys but not for foreign sovereigns in the Volcker Rule, they believe they are being…
I think if there was a goal of the white paper, it was simply to encourage Congress to look at these issues.
more than 40 percent of the unemployed have been unemployed for 6 months or more.
If you think about that, what that really does is that it makes it unattractive to be the first person to be to withdraw your money and, therefore, it reduces the risk of runs considerably.
the United States is on an unsustainable fiscal path looking out over the next couple of decades.
The job market is far from normal. Household income is flat, and that too many Americans still don't have access to credit.
We have been keeping interest rates low and trying to create financial conditions that will foster investment.
Politicians like Ben Bernanke
