Both humanity's capacity to innovate and the incentives to innovate are greater today than at any other time in history.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

If Wall Street crashes, does Main Street follow? Not necessarily.

I am very proud of my nerd-dom.

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

Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.

The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.