Ben Bernanke

American economist186 QUOTES

Browse 186 quotes by Ben Bernanke — Ben Bernanke’s favorite and most popular sayings, only on dailyquotes.wiki.

Ben Bernanke is an American economist and public policy figure, best known for serving as the 14th chairman of the Federal Reserve from 2006 to 2014. He later became a distinguished fellow at the Brookings Institution. Before leading the Fed, Bernanke was a tenured professor at Princeton University and chaired its Department of Economics from 1996 to September 2002, when he took public service leave. As chairman, he oversaw the Federal Reserve’s response to the 2008 financial crisis. In 2009, Time named him Person of the Year, and in 2022 he shared the Nobel Memorial Prize in Economic Sciences with Douglas Diamond and Philip H. Dybvig for research on banks and financial crises, especially his analysis of the Great Depression.

“The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.”

REFLECTIONS

“Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.”

REFLECTIONS

“Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.”

REFLECTIONS

“The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.”

PURPOSE

“Obviously, I haven't succeeded in defusing the political concerns about the Fed.”

REFLECTIONS

“As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.”

MONEY