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

One might as well try to perform brain surgery with a sledgehammer.

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.

Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.

I am confident that we will meet whatever challenges the future may bring.

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

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