Ben Bernanke Energy Quotations

But again, I remain optimistic that the impact on energy from these two events will be limited.

Those high oil prices are a burden on U.S. families, on firms' production costs. But the good news is that at least so far the U.S. economy has not been slowed by the high energy prices.

Unfortunately there's nothing, really, that can be done that's going to affect energy prices or gasoline prices in the very short run.

Thus far, at least, the growth effects of energy price increases appear relatively modest.

The resilience of the economy ... is helping it to absorb the shocks to energy and transportation from the hurricanes.

As long as there's not permanent damage to our energy infrastructure, the effects on the overall economy should be fairly modest.

As long as we find that the energy impact is only temporary ... my guess is that the effects on the overall economy will be fairly modest.

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,

Inflation is up, driven by energy prices. Underlying core rates remain low, which is encouraging.

High energy prices are burdening household budgets and raising production costs, and continued increases would at some point restrain economic growth.

These inflation effects should fade even if energy prices remain elevated, so long as monetary policy keeps inflation expectations well-anchored.

These policies include making tax relief permanent, reducing the budget deficit by limiting spending, strengthening retirement and health security through efforts like Social Security reform ... and enhancing energy security.

The high energy prices are certainly burdening consumer budgets, they are burdening cost structures of firms and certainly continued increases in energy prices are a risk for economic growth going forward.

The inflation objective is explicitly a long-term or medium term objective. It focuses on, for example, core inflation to avoid getting involved in short-term fluctuations in energy prices and the like.

The economy is much more energy efficient today than it was in the 1970s when energy shocks contributed to share slowdowns,