Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

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

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

The central bank needs to be able to make policy without short term political concerns.

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

I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.

The amount of currency in circulation is not changing. The money supply is not changing in any significant way.