The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.

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

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

The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.

I generally leave the details of fiscal programs to the Administration and Congress. That's really their area of authority and responsibility, and I don't think it's appropriate for me to second guess.

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

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