Ben Bernanke

In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement. ”

To minimize market uncertainty and achieve the maximum effect of its policies, the Federal Reserve is committed to providing the public as much information as possible about the uses of its balance sheet, plans regarding future uses of its balance sheet, and the criteria on which the relevant decisions are based. ”

The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly. ”

In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009. ”

After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction. ”

Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system. ”

Community development has a long history of innovation and learning from experience. ”

The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it. ”

To achieve a more balanced international system over time, countries with excessive and unsustainable trade surpluses will need to allow their exchange rates to better reflect market fundamentals. ”

The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time. ”