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

Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

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

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

...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals

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.

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.