Quotes About Bernanke

My assignment to the consumer committee reflected my lack of seniority, but I didn't object.

Philosophically, I did not view myself as either strongly pro- or anti-regulation.

These principles should be more broadly applied in Washington.

the PDCF carried some stigma

Paul still carried considerable influence in policy circles,

had been an indispensable adviser to both Greenspan and me.

Moreover, Fuld and his team seemed in denial about how badly their bets had gone wrong.

were growing increasingly skeptical of Lehman's judgment of the value of its holdings.

Larry had been critical of some of our actions as well,

Tim was the Fed's principal contact with Fuld.

The deepest frustration we shared, it soon became clear, was not with the baggage but with government dysfunction itself.

I didn't want to influence his choice too much, since my support for any one candidate could easily be misrepresented as opposition to another.

To me, the need for continuing with these purchases remained clear.

I doubted that my words would have the weight of Greenspan's, and in any case it seemed to me that Congress is ruled first and foremost by interests and ideology, not by the advice of experts or supposed experts, including the chairman of the Fed.

I expressed no preference for whether the stimulus should take the form of tax cuts, spending increases, or both.

First, I suggested, instead of continuing to hold out the vague promise about deflationary concerns subsiding,

But the vote didn't capture the extent of the concern and skepticism on the Committee.

He too greeted me warmly and praised the Fed's response to the crisis.

It was not a new argument, but Jeremy made it in more detail and in a particularly sophisticated way.

Jay expressed his concerns mostly within the Fed, as did Betsy. Sandy,

King gave me an important piece of information: He

I saw little evidence of an emerging consensus in favor of them and widespread confusion about how they would work.

Given the seriousness of the threat posed to global financial stability by a Lehman bankruptcy,

Our whole strategy was based on finding a buyer,