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

I'd throw dollars out of helicopters if I had to, to stimulate the economy.

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

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

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.

...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals