Ben Bernanke

“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.”

“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.”

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

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

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

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