September and October of 2008 was the worst financial crisis in global history, including the Great Depression..

Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice ….

Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game..

Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases..

Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a pr….

I come from Main Street, from a small town that's really depressed..

Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination..

If your uniform isn't dirty, you haven't been in the game..

The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the ….

I don't fully understand movements in the gold price..

The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will mak….

I assure this committee that, if I am confirmed, I will be strictly independent of all political influences... essential to that institution's abilit….

Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks….

The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US f….

I generally leave the details of fiscal programs to the Administration and Congress. That's really their area of authority and responsibility, and I ….

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of ….

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. econo….

How much would you pay to avoid a second Depression?.

Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the ….

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis be….

...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals.