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Here Are 12 of Ben Bernanke's Greatest Quotes

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Here Are 12 of Ben Bernanke's Greatest Quotes

Friday morning, much of the financial world tuned into Federal Reserve Chairman Ben Bernanke's remarks at the annual Conference on Bank Structure that took place in Chicago.

Among the highlights of the speech was Bernankes' unexpected deviation from his prepared remarks, which found him mentioning Microsoft (NASDAQ: MSFT) and how it's shares are higher than they have been.

Benzinga dug into the Fed Chairman's past speeches, culling a dozen of Ben Bernanke's most colorful quotes.

  • “One might as well try to perform brain surgery with a sledgehammer.”

    October 15, 2002: Fed Governor Bernanke's remarks before the New York Chapter of the National Association for Business. (Photo: Wikimedia Commons).
  • “I think policy is currently quite accommodative. I think it can remain quite accommodative for a while to come.”

    January 4, 2004: Fed Governor Bernanke makes comments, assuaging "shaky treasuries," San Diego, California. (Photo: Wikimedia Commons).
  • “Reducing the burdens borne by displaced workers is the right and fair thing to do. If workers are less fearful of change, less pressure will be exerted on politicians to erect trade barriers or to take other actions that would reduce the flexibility and dynamism of the U.S. economy.”

    March 30, 2004 : Remarks by Fed Governor Bernanke at Distinguished Speaker Series, Fuqua School of Business, Duke University, Durham, North Carolina. (Photo: Wikimedia Commons).
  • “Quantitatively, outsourcing abroad simply cannot account for much of the recent weakness in the U.S. labor market and does not appear likely to be an important restraint to further recovery in employment.”

    March 30, 2004 : Remarks by Fed Governor Bernanke at Distinguished Speaker Series, Fuqua School of Business, Duke University, Durham, North Carolina. (Photo: Flickr Creative Commons).
  • “If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.”

    November 15, 2005: Nomination hearing before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.(Photo: Wikimedia Commons).
  • “I am confident that we will meet whatever challenges the future may bring.”

    February 6, 2006: At the ceremonial swearing-in by President Bush, Federal Reserve Board of Governors, Washington, D.C. (Photo: Wikimedia Commons).
  • “How much would you pay to avoid a second Depression?”

    December 16, 2009: Interview with TIME Magazine after being named "Person of the Year." (Photo: Flickr Creative Commons).
  • “It's the price of success: people start to think you're omnipotent.”

    December 16, 2009: Interview with TIME Magazine after being named "Person of the Year," specifically on questions about his handling of Lehman, AIG and Bear Stearns. (Photo: Flickr Creative Commons).
  • “The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.”

    April 7, 2010 : Remarks at the Dallas Regional Chamber, Dallas, Texas. (Photo: Flickr Creative Commons).
  • “The central bank needs to be able to make policy without short term political concerns.”

    December 5, 2010: Speaking in an interview with CBS program, 60 Minutes. (Photo: Wikimedia Commons).
  • “The Fed is totally open.”

    February 11, 2011: Comments in a Q&A session before the National Press Club. (Photo: Wikimedia Commons).
  • “In fact, the world needs more nerds.”

    March 27, 2012: Interview with ABC program, "World News With Diane Sawyer" (Photo: Flickr Creative Commons).

Posted-In: Ben Bernanke Fed Federal ReservePolitics Economics General Best of Benzinga

 

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