Ben Bernanke - Federal Reserve System

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Last quote by Ben Bernanke

You have to recognize realistically that A.I. is qualitatively different from an internal combustion engine in that it was always the case that human imagination, creativity, social interaction, those things were unique to humans and couldn't be replicated by machines. We are coming closer to the point where not only cashiers but surgeons might be at least partially replaced by A.I.feedback
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NEW Apr 25 2017
In this page, you will find a list of 42 quotes from Ben Bernanke, from different articles. We analyzed 25 articles in which Ben Bernanke has been quoted in topics like China and trading. Ben Bernanke’s most recent quote is: “I think the Republican perspective, which I assume Gary Cohn is thinking about, although I don't know, is to go back to the old world before the crisis, where you had free-standing investment banks and importantly, from the perspective of the free-standing investment banks, they weren't controlled. They weren't regulated by the Fed. They didn't have any of the bank regulation.”. To see more examples Ben Bernanke’s views and opinions, check out the section below.
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Ben Bernanke quotes

One of the things the candidate said he would do was label China a currency manipulator, which means that China is keeping its currency artificially low in order get an advantage in exports. Of course, China right now is working very hard to keep the renminbi from falling. So it's a little bit inconsistent.feedback

It is a dangerous thing to try to interfere too much with our trade and I'm hopeful that this will be a very cautious process.feedback

I think what we're going to see is a lot of internal dissension, where different points of view are fighting it out within the administration and the president is sort of broadcasting to the public what he's thinking in the moment. So there's a lot of uncertainty.feedback

That case is weaker now because we're closer to full employment. There is still a case for fiscal policy but it's less in terms of large of amounts of spending and more in terms of smarter policy.feedback

The Federal Reserve has rediscovered its roots, in essence that the Fed was created to stabilise the financial system in times of panic and we did that.feedback

Conditions in the job market today are still far from what all of us would like to see. Nevertheless, meaningful progress has been made in the year since we announced the asset purchase programme.feedback

With unemployment still elevated, and inflation projected to run below the committee's longer-run objective, the committee is continuing its highly accommodative policies.feedback

As you know, in normal times the committee eases monetary policy by lowering its target for the short-term policy interest rate – the Federal Funds rate. However the target range for the Federal Funds rate – currently at zero to one-fourth percent – cannot be lowered meaningfully further.feedback

Our asset purchases depend on economic and financial developments, but they are by no means on a preset course.feedback

A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further.feedback

Economic growth in the first quarter was supported by continuing expansion and demand by US households and businesses, which more than offset the drag from declines in government spending – especially defence spending. Despite this improvement the job market remains weak overall, the unemployment rate is still well above its longer-run normal level, rates of long-term unemployment are historically high, and the labour force participation rate had continued to move down.feedback

Because stronger growth in each economy confers beneficial spillovers to trading partners, these policies are not 'beggar-thy-neighbor' but rather they are positive-sum, enrich-thy-neighbor' actions.feedback

When something is more costly, you do a little bit less of it.feedback

The economy's longer term rate of growth and unemployment are determined largely by non-monetary factors, such as the rate of growth of labour force and the speed of technological change, and it should be noted that estimates of these rates are inherently uncertain and subject to revision over time.feedback

It will be several years before the unemployment rate has returned to a more normal level.feedback

Considerable time likely will be required before the unemployment rate has returned to a more normal level. Persistently high unemployment by damping household income and confidence could threaten the strength and sustainability of the recovery.feedback

Even as the Federal Reserve continues prudent planning for the ultimate withdrawal of extraordinary monetary policy accommodation, we also recognise that the economic outlook remains unusually uncertain. Although fiscal policy and inventory restocking will likely be providing less impetus to the recovery than they have in recent quarters, rising demand from households and businesses should help sustain growth.feedback

Notwithstanding the positive signs, the job market remains quite weak.feedback

We played a central role in efforts to quell the financial turmoil, for example, through our joint efforts with other agencies and foreign authorities to avert a collapse of the global banking system last fall, by insuring financial institutions adequate access to short-term funding when private funding sources dried up.feedback

We also believe that it is important to assure the public and the markets that the extraordinary policy measures we have taken in response to the financial crisis and the recession can be withdrawn in a smooth and timely manner as needed, thereby avoiding the risk that policy stimulus could lead to a future rise in inflation.feedback

In the longer term, I think it's very important that Congress makes sure that the deficits are not excessively large. The main thing is that you'd be consistent: If you want to increase spending, then you have to be willing to accept tax increases.feedback

The effectiveness of the policy actions taken by the Federal Reserve, the Treasury, and other government entities in restoring a reasonable degree of financial stability will be critical determinants of the timing and strength of the recovery.feedback

The current financial crisis and economic slowdown have been an occasion for unprecedented international policy coordination within Europe, but in addition, the coordinated rate cut was intended to send a strong signal to the public, and the markets of our resolve to act together to deal with global economic challenges.feedback

Our strategy will continue to evolve and be refined as we adapt to new developments and the inevitable setbacks. But we will not stand down until we have achieved our goals of repairing and reforming our financial system and thereby restoring prosperity to our economy.feedback

For its part, the Federal Open Market Committee will monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability.feedback

I agree with the Treasury Secretary. The Federal Reserve will give full support to the fundamental reform of the financial industry. But whatever reforms the Congress makes should apply to the whole industry, whether they participate in this programme or not.feedback

As events in recent weeks have demonstrated, many financial markets and institutions remain under considerable stress. Consequently, helping the financial markets to return to more normal functioning will continue to be a top priority of the Federal Reserve.feedback

Recently, incoming information has suggested that the baseline outlook for real activity in 2008 has worsened and that the downside risks to growth has become more pronounced.feedback

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