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

Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.

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

Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.

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

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

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.