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Letter "B" » Ben Bernanke Quotes
«Inflation is up, driven by energy prices. Underlying core rates remain low, which is encouraging.»
«High energy prices are burdening household budgets and raising production costs, and continued increases would at some point restrain economic growth.»
«Thus far, at least, the growth effects of energy price increases appear relatively modest.»
«Under a paper-money system, a determined government can always generate higher spending and hence positive inflation,»
«Although the U.S. economy has managed modest real growth through 2002 and into 2003, most economists agree that a strong and well-balanced recovery will require a greater contribution from the business sector, in the form of increased capital investment and hiring,»
«Indeed, I would argue that, in situations of considerable slack, growth that is generated solely by increased productivity, and that is unaccompanied by substantial employment growth, may possibly require monetary ease, rather than monetary tightening, in the short run.»
«After several false starts, the economy is showing signs of sustained recovery,»
«Until the job market improves, this recovery will not feel like a recovery to most Americans,»
«can account for the bulk of the recent increase in the real price of gold.»
«Inflation is not even a remote risk in the U.S.. Because inflation is so low, monetary policy can afford to be patient to be sure that the recovery is sustained.»