In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Ben BernankeRead
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.
Interpretation
What this quote means
The quote emphasizes the importance of maintaining stable prices and promoting sustainable economic growth.
In this quote, Ben Bernanke outlines the primary objectives assigned to the Congress regarding economic policy. He highlights the necessity of ensuring price stability, which is crucial for the economic health of a nation, while also focusing on fostering growth in employment and sustainable economic output. Additionally, he stresses the importance of creating a robust financial system that is equitable and efficient, benefiting all citizens.
Themes
EconomicsGrowthStabilityEmploymentFinancial System
In practice
Example use cases
In a speech about economic policies, one could cite this quote to emphasize the importance of price stability.
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