“If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would have to respond, and that would either be by increasing domestic demand or by weakening its own currency.”

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Originally said in English.

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About Ben Bernanke

American economist and former Federal Reserve Chair (2006–2014), Bernanke’s career spans academia and central banking. His work on the Great Depression and his leadership during the 2008 financial crisis shaped modern monetary policy. He is widely recognized for his analysis of economic crises and his efforts to stabilize the U.S. economy.

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"If Australia finds it has a strong Australian dollar, and it has high…" — Ben Bernanke | Daily Quotes