The Fed is totally open.

A little humility never hurts.

I am very proud of my nerd-dom.

Monetary policy is not a panacea.

Not all information is beneficial.

The Fed's independence is critical.

In fact, the world needs more nerds.

There are limits to monetary policy.

Chairman Greenspan is, of course, a master.

I don't see much evidence of an equity bubble.

The Federal Reserve will not monetize the debt.

The world has a great deal more to offer than money.

How much would you pay to avoid a second Depression?

If two people always agree, one of them is redundant.

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

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

The Federal Reserve is not currently forecasting a recession.

Interest rates are used to achieve overall economic stability.

Aggregate statistics can sometimes mask important information.

All the Federal Reserve can do is make loans against collateral.

Different countries have different kinds of financial structures.

If Wall Street crashes, does Main Street follow? Not necessarily.

It's the price of success: people start to think you're omnipotent.

One might as well try to perform brain surgery with a sledgehammer.

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

You want to put the fire out first and then worry about the fire code.

The GSEs are adequately capitalized. They are in no danger of failing.

Preventing liquidation of an unbalanced market will leave you in tears.

The Federal Reserve cannot solve all the economy's problems on its own.

We should see better and more direct measurements of economic well being.

I am confident that we will meet whatever challenges the future may bring.

I'd throw dollars out of helicopters if I had to, to stimulate the economy.

It takes about two and a half percent growth just to keep unemployment stable.

Identity theft is a serious crime that affects millions of Americans each year.

Certainly, 9 percent unemployment and very slow growth is not a good situation.

Obviously, I haven't succeeded in defusing the political concerns about the Fed.

I am particularly pleased to see that the Bendheim Center for Finance is thriving.

Small businesses have played an important role in fueling past economic recoveries.

I got into economics because I wanted to make things better for the average person.

Nobody really understands gold prices and I don't pretend to understand them either.

Community development has a long history of innovation and learning from experience.

In the past, Federal Reserve chairmen have not generally gone directly to the public.

There will not be an automatic increase in interest rate when unemployment hits 6.5%.

The central bank needs to be able to make policy without short term political concerns.

Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.

Only a strong economy can create higher asset values and sustainably good returns for savers.

China is growing very quickly and is clearly becoming an important player in the world economy.

In a slow-growing world that is short on aggregate demand, Germany's trade surplus is a problem.

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