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 best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.

September and October of 2008 was the worst financial crisis in global history, including the Great Depression.

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

I am very proud of my nerd-dom.

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

The Federal Reserve is not currently forecasting a recession.