The Fed's independence is critical.
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
Many foreclosed homes are neglected or abandoned, as legal proceedings or other factors delay their resale. Deteriorating or vacant properties can, in turn, directly affect the quality of life in a ne...
Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can p...
In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.
I am particularly pleased to see that the Bendheim Center for Finance is thriving.
Because a person has to be either working or looking for work to be counted as part of the labor force, an increase in the number of people too discouraged to continue their search for work would redu...
It's the price of success: people start to think you're omnipotent.
When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis substantial fiscal resources were necessary.
Neighborhoods and communities are complex organisms that will be resilient only if they are healthy along a number of interrelated dimensions, much as a human body cannot be healthy without adequate a...
The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective...
Community development has a long history of innovation and learning from experience.
High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.
If you're in a car crash, you're mostly involved in trying to not go off the bridge, and later on you say, 'Oh my God!'
Because financially capable consumers ultimately contribute to a stable economic and financial system as well as improve their own financial situations, it's clear that the Federal Reserve has a signi...
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
