Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.

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.

Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.

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

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.

If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account.

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.