The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression. Ben Bernanke 1980sbubblecall Change image and share on social
In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking. Ben Bernanke acceptclosefailure Change image and share on social
The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example. Ben Bernanke agencybillbuy Change image and share on social
Long term, I have a lot of confidence in the United States. We have an excellent record in terms of innovation. We have great universities that are involved in technological change and progress. We have an entrepreneurial culture, much more than almost any other country. Ben Bernanke changeconfidencecountry share on social
All the Federal Reserve can do is make loans against collateral. Ben Bernanke collateralfederalloan Change image and share on social
In the tradition of national income accounting, economic policymakers have typically focused on variables such as income, wealth, and consumption. Ben Bernanke accountconsumptioneconomic Change image and share on social
Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional. Ben Bernanke arriveeconomicforecast Change image and share on social
The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly. Ben Bernanke actannuallybalance Change image and share on social