With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

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.

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.

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