Some influential voices of the time argued that by accepting higher inflation, policy-makers could bring about a permanently lower rate of unemployment.
More Quotes from Ben Bernanke:
I will make continuity with the policies and policy strategies of the Greenspan Fed a top priority,Ben Bernanke
In the absence of a shift in market perceptions of the relative attractiveness of U. S. and foreign assets, government policies would likely have only limited effects on the trade balance.
Ben Bernanke
Middle-income living standards, and poverty for that matter, are best addressed through employment growth. By maintaining low inflation and low expectations of inflation, you can create new employment.
Ben Bernanke
I am confident that we will meet whatever challenges the future may bring.
Ben Bernanke
Those high oil prices are a burden on U.S. families, on firms' production costs. But the good news is that at least so far the U.S. economy has not been slowed by the high energy prices.
Ben Bernanke
might have done much more harm than good.
Ben Bernanke
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