Author

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

The banks have accounts with the Fed, much the same way that you have an account in a commercial bank.

I came home from school one day, and there was a phone call for me. And I picked up the phone. They said, 'This is the Harvard Admissions Department. We'd like to let you know that you're accepted in the freshman class.' And I said, 'Come on, who is this really?'

From Ben Bernanke

I got into economics because I wanted to make things better for the average person.

From Ben Bernanke

I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.

From Ben Bernanke

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.

From Ben Bernanke

In September 2008, the two largest housing mortgage companies called Fannie Mae and Freddie Mac, which were government-sponsored enterprises, which hold hundreds of billions of dollars of mortgages, because of the losses they took on the mortgages, they essentially became insolvent, and the government had to take them over.

From Ben Bernanke

There are a number of institutions globally where the Federal Reserve typically leads the U.S. effort to work with financial regulators from other countries, and we try to, to the extent possible, establish international standards for how - the amount of capital a bank should hold, for example, or how much.

From Ben Bernanke

In the past, Federal Reserve chairmen have not generally gone directly to the public.

From Ben Bernanke

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.

From Ben Bernanke

Ben Bernanke

Notable Quotes

Authors with Similar Views

Janet Yellen

Mark Zandi

Raghuram Rajan

Henry Paulson

Robert Kiyosaki

Authors with Opposing Views

Janet Yellen

Peter Schiff

Steve Hanke

Steve Mnuchin

Suze Orman