Quotes About Ben Bernanke

Hank Paulson, obviously, had spent his career on Wall Street, had a deep knowledge of the Street, and also was a very forceful personality, had a very good relationship with the president, and was in a very different place, for example, than Ben Bernanke, who is an academic, quiet guy: spent most of his time thinking about monetary policy.

September and October of 2008 was the worst financial crisis in global history, including the Great Depression.

America really started to die when the Federal Reserve was founded, and it really started to die in 1971 when the gold backing was taken away from the dollar, and this currency with Ben Bernanke just printing up or counterfeiting as much money as he wants and destroying the economy is really destroying the economy.

The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it.

Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'

I am particularly pleased to see that the Bendheim Center for Finance is thriving.

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I'm concerned, he's public enemy No. 1. We're never going to have a recovery while this guy's in charge.

and thus disqualified from continuing as chairman.

She also brought a practical banker's perspective, a valuable complement to the economists on the Board and the FOMC.

I trusted Barney's political instincts and concluded that fighting the council proposal would be fruitless.

also said that my first priority would be to maintain continuity with Greenspan's policies.

In retrospect I wonder whether I should have insisted earlier and more vigorously on persuading Congress to accept capital injections.

we were concerned that a surprise cut might lead traders to believe we were even more worried than they had thought.

I arrived in Washington as a quiet, reserved professor—with a research background that proved to be quite useful in the financial crisis.

Not surprisingly, this voluntary arrangement was less strict than one required by law might have been.

now his not-so-secret ambition was to be chairman of the Fed after my departure.

I thought we should be willing to offer advice, at least in private, if it would be helpful and

For me personally and for the entire Fed, Don's retirement was a great loss. He

But what if the economy stalled yet again, perhaps for reasons outside our control, such as fiscal stringency at home or a resurgence of the European crisis?

It was a real loss for the Fed and the country.

but it was another source of concern.

and it might even be the key to preventing the economy from sliding back into recession.

Steve's and my presentation proved wrong because we did not take into account the possibility that losses on subprime mortgages could ultimately destabilize both the U.S. and global financial systems.

He and his company were caught up in a panic not