Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank. Ben Bernanke Read Quote
Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers’ skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy. Ben Bernanke Read Quote
In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of the U.S. labor market. Ben Bernanke Read Quote
For many of us, owning a home signaled a passage into adulthood that coincided with the start of a career and family. Ben Bernanke Read Quote
High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability. Ben Bernanke Read Quote
Now that I’m a civilian again, I can once more comment on economic and financial issues without my words being put under the microscope by Fed watchers. Ben Bernanke Read Quote
When historical relationships are taken into account, it is difficult to ascribe the house price bubble either to monetary policy or to the broader macroeconomic environment. Ben Bernanke Read Quote
Many savers are also homeowners; indeed, a family’s home may be its most important financial asset. Many savers are working, or would like to be. Ben Bernanke Read Quote
The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly. Ben Bernanke Read Quote
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 Read Quote
