Ben Bernanke Private Quotations

Imperfect substitutability of assets implies that changes in the supplies of various assets available to private investors may affect the prices and yields of those assets.

Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.

I do think there is some chance we will see increased private sector savings in the next year or two if housing prices were to moderate.