Ben Bernanke

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.

We cannot allow the European austerity model and allow growth to just continue to fail.

Congress needs to step up to the plate.

I have always said... you do not want to just do short-run stuff and ignore the long-run.

The potential expiration of the so-called Bush tax cuts, the 2001-2003 tax cuts, is the single biggest item in the fiscal cliff

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.

We do not want inflation above that, but we also do not want inflation well below that.

Startup companies--companies under 5-years old--create a very substantial part of jobs added to the economy.

So we support the SEC's attempts to look at alternatives.

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.

One approach would be essentially to create some more capital.

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.

The goal of the Volcker Rule is to reduce risk taking by institutions.

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…

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.

We could achieve the very desirable long-run fiscal consolidation that we definitely need.

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.

I think if there was a goal of the white paper, it was simply to encourage Congress to look at these issues.

The recovery is not yet complete. Unemployment remains high.

The United States is on an unsustainable fiscal path looking out over the next couple of decades.

More than 40 percent of the unemployed have been unemployed for 6 months or more.

We will face a fiscal and financial crisis that would be very bad for growth and for stability.

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.