The World in Depression, 1929-1939 (2nd ed., 1986), Ch. 14 : An Explanation of the 1929 Depression
“I want to make sure you keep your eyes on the ball, that is, the two basic missions of a central bank. The first is maintaining macroeconomic stability: maintaining stable growth and keeping inflation low and stable. The principal policy tool for maintaining macroeconomic stability is monetary policy. In normal times, the Fed and other central banks use open market operations—purchases and sales of securities in markets—to move interest rates up or down, and in doing so try to create a more stable macroeconomic environment.
The second part of a central bank's mission is maintaining financial stability. Central banks are focused on trying to ensure that the financial system functions properly, and in particular, they want to prevent, if possible, and if not, to mitigate the effects of a financial crisis or a financial panic.”
Lecture 2: The Federal Reserve after World War II
The Federal Reserve and the Financial Crisis (2012)
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Ben Bernanke 10
American economist 1953Related quotes

Chancellor of the Exchequer
Source: Memorandum, 'External Action' (21 February 1952) advocating Operation ROBOT, quoted in Correlli Barnett, The Verdict of Peace. Britain Between Her Yesterday and the Future (London: Pan, 2002), p. 162

Answering a question by JSE chairperson Nyembezi-Heita in Rosebank, on the eve of the World Economic Forum in Davos, as quoted by Carien du Plessis in Ramaphosa and Magashule contradict each other on Reserve Bank nationalisation https://www.msn.com/en-za/money/politics/ramaphosa-and-magashule-contradict-each-other-on-reserve-bank-nationalisation/ar-BBSjJd5?ocid=spartanntp, Daily Maverick (17 January 2019)

CNBC debate with Faiz Shakir, March 20, 2008 http://www.youtube.com/watch?v=k94VWPjUQSM
2000s, 2006-2009

Lecture 4: The Aftermath of the Crisis
The Federal Reserve and the Financial Crisis (2012)

The Case against the Fed.

Source: "A general equilibrium approach to monetary theory" (1969), p. 29 as cited in: Andrés, Javier, J. David López-Salido, and Edward Nelson. " Tobin's imperfect asset substitution in optimizing general equilibrium http://research.stlouisfed.org/wp/2004/2004-003.pdf." Journal of Money, Credit and Banking (2004): 665-690.

" Monetary Policy; Science or Art? https://economics.mit.edu/files/742" (2006)

Speech to the Royal Institute for International Affairs, Chatham House (25 January 1989), quoted in The View from No. 11: Memoirs of a Tory Radical (London: Bantam, 1992), p. 910.