Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation. Ben Bernanke constitutedeclinedeflation Change image and share on social
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable. Ben Bernanke agreementareacontroversy Change image and share on social
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest. Ben Bernanke cashchoosecreditor Change image and share on social
China is growing very quickly and is clearly becoming an important player in the world economy. Ben Bernanke chinaeconomygrow Change image and share on social
Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job. Ben Bernanke difficulteconomygeneral Change image and share on social
Different countries have different kinds of financial structures. Ben Bernanke countryfinancialkind Change image and share on social
In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009. Ben Bernanke amounthalfjob Change image and share on social
The Fed's independence is critical. Ben Bernanke criticalfeedindependence Change image and share on social
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. Ben Bernanke choicecommitmentdebate Change image and share on social
To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can reduce liquidity premiums, help restore the confidence of investors, and thus promote stability. Ben Bernanke confidencecreditinvestor share on social