#po

The problem is essentially that of communications to an army in action. After a rapid advance communications become disorganized, and there is a temporary halting until they are again in working order. ↗

— John Desmond Bernal

#advance #after #again #army #become

Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates. ↗

— Ben Bernanke

#also #attaining #central #employment #federal

I assure this committee that, if I am confirmed, I will be strictly independent of all political influences... essential to that institution's ability to function effectively and achieve its mandated objectives. ↗

— Ben Bernanke

#achieve #am #assure #committee #confirmed

I generally leave the details of fiscal programs to the Administration and Congress. That's really their area of authority and responsibility, and I don't think it's appropriate for me to second guess. ↗

— Ben Bernanke

#appropriate #area #authority #congress #details

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. ↗

— Ben Bernanke

#colleagues #committee #confident #confirmed #contribution

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles. ↗

— Ben Bernanke

#faces #federal #federal reserve #lot #many

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand. ↗

— Ben Bernanke

#because #cannot #demand #depressed #economy

Monetary policy is not a panacea. ↗

— Ben Bernanke

#monetary policy #panacea #policy

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings. ↗

— Ben Bernanke

#appointment #banker #benefit #brings #central

The central bank needs to be able to make policy without short term political concerns. ↗

— Ben Bernanke

#bank #central #central bank #concerns #make