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

I don't see much evidence of an equity bubble.

Not all information is beneficial.

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

I come from Main Street, from a small town that's really depressed.

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

Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.