Weโve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I donโt think itโs going to drive the economy too far from its full employment path, though.
Ben BernankeUnder current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.
Ben BernankeThe American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.
Ben BernankeOur mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
Ben Bernanke