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Letter "B" » Ben Bernanke Quotes
«Doing this well requires a deep knowledge of the data mixed with a goodly dose of economic theory and economic judgment, ... Greenspan is, of course, a master.»
«The inflation objective is explicitly a long-term or medium term objective. It focuses on, for example, core inflation to avoid getting involved in short-term fluctuations in energy prices and the like.»
«doesn't change the underlying dynamic.»
«I will make continuity with the policies and policy strategies of the Greenspan Fed a top priority,»
«Monetary policy is most effective when it is coherent, consistent and predictable as possible, while at all times leaving full scope for flexibility and the use of judgment as conditions may require.»
«I am going to begin now a practice of not making recommendations on specific tax and spending proposals.»
«Providing quantitative guidance about the meaning of 'long-term price stability' could have several advantages, including further reducing public uncertainty about monetary policy and anchoring long-term inflation expectations even more effectively,»
«Middle-income living standards, and poverty for that matter, are best addressed through employment growth, ... By maintaining low inflation and low expectations of inflation, you can create new employment.»
«The contrast between the 1970s and today is very marked,»
«Back then, we had high inflation expectations,»