When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.

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.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

Monetary policy is not a panacea.

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 lack of demand

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.

Yes, people need food and education. But one of the cornerstones of any society is a well-functioning legal system.

Forgive yourself for your faults and your mistakes and move on.

I'm never bored, never ever bored. If I've got a day off I'll sit in a cafe and watch and observe. I'm a great observer.

I usually just speak in English when I'm on the basketball court. For some reason, my mind never even tried to cross any other language when I'm playing basketball.

Remember that every drop of rain that falls bears into the bosom of the earth a quality of beautiful fertility.

It's really hard to be poor in New York - I was really poor when I lived in New York.

Baby Steps are for Babies, Not Brands. Be Amazing or Be Surpassed.

Both religions and musicals work best with energetic and committed believers. Cynicism or detachment would have destroyed the magic - something true of religion, too.

No one is going to try to fill my mother's shoes, what she did was fantastic. It's about making your own future and your own destiny and Kate will do a very good job of that.

It is doubling now every two years. Doubling every two years means multiplying by 1,000 in 20 years. At that rate we'll meet 100 percent of our energy needs in 20 years.