I think it is appropriate to ask whether this trend is compatible with values rooted in our nation's history, among them the high value Americans hav….

Stores don't order merchandise unless they think they can sell it right away. Manufacturers and builders don't produce unless they have buyers lined ….

Inequality has risen to the point that it seems to me worthwhile for the U.S. to seriously consider taking the risk of making our economy more reward….

For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system….

The past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living sta….

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not..

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target..

Long-term unemployment can make any worker progressively less employable, even after the economy strengthens..

In government institutions and in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doi….

It slightly worries me that when people find a problem, they rush to judgment of what to do..

If it were possible to take interest rates into negative territory I would be voting for that..

Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices, and sta….

In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of….

In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things..

The lower half of households by wealth held just 3% of wealth in 1989 and only 1% in 2013..

Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts wo….

We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity ….

Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and also l….

The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these famil….

Are deviations from full employment a social problem? Obviously..

Listening to others, especially those with whom we disagree, tests our own ideas and beliefs. It forces us to recognize, with humility, that we don't….