Quotes by Public Servants

I don't know why there aren't more Depression buffs. Ben Bernanke
Depression More Know Why
People saw the Depression as a necessary thing - a chance to squeeze out the excesses, get back to Puritan morality. That just made things worse. Ben Bernanke
Depression People Made Back Saw Worse Out Morality Puritan Excess Get Squeeze Just Thing Things Necessary Chance
Obviously, I haven't succeeded in defusing the political concerns about the Fed. Ben Bernanke
Political About Fed Obviously Concerns Succeeded
In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009. Ben Bernanke
Time Will Half Lost Significant Jobs Restore Over Likelihood Were Nationwide Eight Required Nearly Amount Million
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. Ben Bernanke
Accountability Other Tools Those See Able Purposes Federal Federal Reserve Powerful Like Democratic How Being Banks Central Public Requires Used Being Used Reserve
Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels. Ben Bernanke
Burden Increased Rates Costly More Both Likely Terms Policy Fiscal Pinned Effective Debt Close Maneuver While Interest Interest Rates Low Room Less Monetary Zero Monetary Policy Levels
Most of the policies that support robust economic growth in the long run are outside the province of the central bank. Ben Bernanke
Long Run Economic Economic Growth Long Run Outside Support Most Policies Robust Province Bank Central Central Bank Growth
As we try to make the financial system safer, we must inevitably confront the problem of moral hazard. Ben Bernanke
Problem Financial Try System Financial System Moral Must Hazard Make Safer Inevitably Confront
Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years. Ben Bernanke
Field Types Several Evolving Data Factor Points Allow New Economists Likely Coming Years Just Just One Transform Manipulate Among Technologies Millions Gather
There will not be an automatic increase in interest rate when unemployment hits 6.5%. Ben Bernanke
Will Increase Rate Unemployment Hits Automatic Interest
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong. Ben Bernanke
Strong Profit Earn Borrowers Remain Continue Banks Lend Need
Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers. Ben Bernanke
War World Inflation Has-Been Rise Prices Since Goods Inexorable Been Bane Bankers Central Apparently Services World War World War II
Deflation is defined as a general decline in prices, with emphasis on the word 'general.' Ben Bernanke
Word Defined Deflation General Prices Emphasis Decline
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. Ben Bernanke
Problem Sector Deflation Constitute Uncomfortable Price Generally Economy May Producers Whole
To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can reduce liquidity premiums, help restore the confidence of investors, and thus promote stability. Ben Bernanke
Alone Confidence Problems Promote Solve Restore Risk Investors Thus Sure Reduce Losses Provision Liquidity Stability Means Help Credit
In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of the U.S. labor market. Ben Bernanke
Market Month Jobs Given Leaving Hired Labor Current Any Being Dynamism Workers Large Large Number Illustrating Number
High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability. Ben Bernanke
School Neighborhood High Civic Rates Higher Involvement Greater Been Stability Graduation Organizations Shown Foster Levels
Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable. Ben Bernanke
Life Home Great Risks Events Strong Real Estate Great Deal Strong Economy Unforeseen Local Markets Purchases Borrower Borrowers Risk Moreover Highly Economy Make Vulnerable Deal Real Subject Very Estate Lender Even
When historical relationships are taken into account, it is difficult to ascribe the house price bubble either to monetary policy or to the broader macroeconomic environment. Ben Bernanke
Difficult Relationships Broader Price Bubble Taken Environment House Policy Historical Account Either Ascribe Monetary Monetary Policy
Many savers are also homeowners; indeed, a family's home may be its most important financial asset. Many savers are working, or would like to be. Ben Bernanke
Home Family Financial Important Indeed Would Like Most Also May Working Many Asset
The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly. Ben Bernanke
Balance Publish Federal Weekly Federal Reserve Operations Sheet Report Act Requires Reserve
The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it. Ben Bernanke
Quality Commitment Fed Federal Federal Reserve Lead Institution Policy None Always Proud Am Debated Public Choices Reserve Second
Small businesses have played an important role in fueling past economic recoveries. Ben Bernanke
Important Past Small Economic Small Businesses Important Role Role Businesses Played
Community development has a long history of innovation and learning from experience. Ben Bernanke
History Learning Experience Innovation Long Community Long History Development
For practitioners of community development, as in any field, joining a network of like-minded professionals is important for building skills and becoming aware of opportunities and resources. Ben Bernanke
Opportunities Important Building Field Community Resources Network Joining Development Becoming Any Skills Aware Professionals
Neighborhoods and communities are complex organisms that will be resilient only if they are healthy along a number of interrelated dimensions, much as a human body cannot be healthy without adequate air, water, rest, and food. Ben Bernanke
Food Water Will Rest Healthy Air Adequate Complex Dimensions Neighborhoods Only Along Without Human Human Body Cannot Much Body Organisms Communities Resilient Interrelated Number
Load more quotes
About
Site pages
Top Quotes
Authors
Today's birthdays
Copyright © Quotesia 2025