Ben Bernanke

“The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.”

“The central bank needs to be able to make policy without short term political concerns.”

“At the most basic level, a central bank must be clear and open about its actions and operations, particularly when they involve the deployment of public funds.”

“Most of the policies that support robust economic growth in the long run are outside the province of the central bank.”

“History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.”

“Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must...”

“In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.”

“The amount of currency in circulation is not changing. The money supply is not changing in any significant way.”

“All the Federal Reserve can do is make loans against collateral.”

“It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.”

“Uncertainty is seen to retard investment independently of considerations of risk or expected return.”

“The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions.”

“The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.”

“The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds of war gathering ominously in t...”

“No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.”

“Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products.”

“The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.”

“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.”

“I have spoken about deficits, and I think deficits are important because they address broad economic and financial stability. We need to talk about that.”

“Deflation is defined as a general decline in prices, with emphasis on the word 'general.'”