Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules. Ben Bernanke complicatecountryfinancial Change image and share on social
There will not be an automatic increase in interest rate when unemployment hits 6.5%. Ben Bernanke automatichitincrease Change image and share on social
Interest rates are used to achieve overall economic stability. Ben Bernanke achieveeconomicinterest Change image and share on social
Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933. Ben Bernanke 1930scrisisdepression share on social
If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event. Ben Bernanke cliffeventfederal Change image and share on social
I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street. Ben Bernanke carehavemain Change image and share on social
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. Ben Bernanke bankcentraleconomy Change image and share on social
The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers. Ben Bernanke bankdealerfederal Change image and share on social
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. Ben Bernanke billioncallcompany share on social
Imperfect substitutability of assets implies that changes in the supplies of various assets available to private investors may affect the prices and yields of those assets. Ben Bernanke affectassetimperfect Change image and share on social