While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.

[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

The Federal Reserve will not monetize the debt.

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

If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account.

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.