The Fed does not regulate Pimco or its parent or any other firm that is affiliated with it. Ben Bernanke More Quotes by Ben Bernanke More Quotes From Ben Bernanke If they were employed to do that kind of thing, that was in their professional capacity, i had nothing to do with selecting them or I had no involvement with them myself. Ben Bernanke business I remain full time at Brookings. I am not an employee of either firm. I am an outside senior adviser, this is it. Ben Bernanke business The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being. Ben Bernanke understandeconomicsultimatepurpose Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves. Ben Bernanke thingsinequalitysocietypeople Only a strong economy can create higher asset values and sustainably good returns for savers. Ben Bernanke strong-economycreategoodstrong In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement. Ben Bernanke goodbusinesseducationscience 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?' Ben Bernanke daymeyouhome I don't think there are any students who should not be exposed to a basic financial literacy course. Ben Bernanke whothinkfinancialstudents 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. Ben Bernanke stock-marketbanksmarthistory History has demonstrated time and again the inherent resilience and recuperative powers of the American economy. Ben Bernanke americanresiliencetimehistory If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event. Ben Bernanke cliffeventthinktools The actions taken by central banks and other authorities to stabilize a panic in the short run can work against stability in the long run if investors and firms infer from those actions that they will never bear the full consequences of excessive risk-taking. Ben Bernanke shortneverworklong The children of the unemployed achieve less in school and appear to have reduced long-term earnings prospects. Ben Bernanke unemployedachievechildrenschool Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites. Ben Bernanke personrememberbeautyway Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times. Ben Bernanke goodbad-timesgood-timesbuilding Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes. Ben Bernanke bettersmartenjoyeducation 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 the background... For my money, few periods are so replete with human interest. Ben Bernanke moneycloudsdepressionwar No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change. Ben Bernanke globalizationsucceedchangeage Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear. Ben Bernanke inequalitypolicywealthclear Interest rates are used to achieve overall economic stability. Ben Bernanke economicachieveinterestused
