"There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United S…"

"The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the respon…"

"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve System. I would…"

"House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in …"

"To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modif…"

"Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the c…"

"It was a global depression, had many causes, the whole story requires you to look at the whole international system. …"

"I want to make sure you keep your eyes on the ball, that is, the two basic missions of a central bank. The first is m…"

"We did stop the meltdown. We avoided what would have been, I think, a collapse of the global financial system. That w…"

"Obviously, based on the crisis and what happened and the effects that we're still feeling, it's now clear that mainta…"