Our 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.

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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.

— Ben Bernanke

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As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.

— Ben Bernanke

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The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

— Ben Bernanke

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Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans.

— Ben Bernanke

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I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

— Ben Bernanke

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