Ben Bernanke
Ben Bernanke
Ben Shalom Bernankeis an American economist at the Brookings Institution who served two terms as chairman of the Federal Reserve, the central bank of the United States, from 2006 to 2014. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave...
NationalityAmerican
ProfessionPolitician
Date of Birth13 December 1953
CityAugusta, GA
CountryUnited States of America
A further jump in energy prices or a more pronounced reaction to those increases in prices that have already occurred could test the strength of the expansion,
Imperfect substitutability of assets implies that changes in the supplies of various assets available to private investors may affect the prices and yields of those assets.
Equally important, stable prices allow people to rely on the dollar as a measure of value when making long-term contracts, engaging in long-term planning or lending for long periods.
Thus far, at least, the growth effects of energy price increases appear relatively modest.
At this point, a leveling out or a modest softening of housing activity seems more likely than a sharp contraction, although significant uncertainty attends the outlook for home prices and construction.
Providing quantitative guidance about the meaning of 'long-term price stability' could have several advantages, including further reducing public uncertainty about monetary policy and anchoring long-term inflation expectations even more effectively,
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.
Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.
As we look ahead, core inflation appears likely to remain in the zone of price stability during the remainder of 2004 and into 2005,
A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.
High energy prices are burdening household budgets and raising production costs, and continued increases would at some point restrain economic growth.
can account for the bulk of the recent increase in the real price of gold.
to return to levels consistent with price stability in coming quarters.
When prices are stable, people can hold money for transactions and other purposes without having to worry that inflation will eat away at the real value of their money balances.