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Ben Bernanke is an American economist who served as the Chairman of the Federal Reserve from 2006 to 2014. He played a crucial role in managing the U.S. economy during the global financial crisis of 2008, implementing policies aimed at stabilizing the financial system and promoting recovery. Bernanke's work on monetary policy and his efforts to combat the economic downturn have had a significant impact on modern economic theory and practice. He is also a respected academic, having authored numerous influential books and papers.
"Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective."
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"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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"I assure this committee that, if I am confirmed, I will be strictly independent of all political influences... essential to that institution's ability to function effectively and achieve its mandated objectives."
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"Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates."