The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

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

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

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

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

Developments in financial markets can have broad economic effects felt by many outside the markets.