I am confident that we will meet whatever challenges the future may bring.
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Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.Ben Bernanke
Under a paper-money system, a determined government can always generate higher spending and hence positive inflation,
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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,
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Under constrained discretion, the central bank is free to do its best to stabilize output and employment in the face of short-run disturbances, with the appropriate caution born of our imperfect knowledge of the economy and of the effects of policy (this is the 'discretion' part of constrained discretion),
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There's no magical relationship between inverted yield curves and recession. There's a debate why long-term rates are so low. It's partly a low term premium and a lot of saving looking for a relatively limited number of investments.
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I am going to begin now a practice of not making recommendations on specific tax and spending proposals.
Ben Bernanke
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The act of willing this or that, of choosing among various courses of conduct, is central in the realm of ethics.
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