I think it's generally a bad idea for the Fed to be the arbiter of asset prices. The Fed doesn't really have any better information than other people in the market about what the correct value of asset prices is.
More Quotes from Ben Bernanke:
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.Ben Bernanke
There's going to be a big impact there for a number of weeks. It's big enough to show up in the national statistics.
Ben Bernanke
Although I expect policy to follow the usual gradualist pattern, the pace of tightening will of necessity respond to evolving economic conditions, particularly the strength of the ongoing recovery in the labor market and developments on the inflation front,
Ben Bernanke
a forecast about the future evolution of policy, not an unconditional commitment.
Ben Bernanke
announcing an actual number or range for inflation would serve to anchor public expectations of inflation more firmly and avoid the risk of 'inflation scares' that might unnecessarily raise nominal bond yields.
Ben Bernanke
I am going to begin now a practice of not making recommendations on specific tax and spending proposals.
Ben Bernanke
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