The core mission of every central bank is stable prices.

A lot of us believe that the Federal Reserve was too loose for too long in the 2003 to 2005 period.

if we do not get our fiscal house in order, it is going to get ugly pretty fast.

the day President Bush left office, the day President Obama was sworn in, the economy was collapsing at an even faster rate than originally thought.

There is a case for normalizing policy.

Central bankers who are willing to tolerate a little more inflation usually end up getting a whole lot more than they expected.

the Recovery Act helped save or create up to 3 million jobs in the year 2010, and lowered unemployment by up to 1.4 percentage points in 2011.

the politically unpopular, but economically necessary TARP legislation, engineered by the Bush Administration, and the Recovery Act, by the Obama Administration, averted, and I quote what you said earlier, 'an extraordinarily severe…

The Federal Reserve, whose primary goal is to manage our money, is involving itself in fiscal policy.

I do find it troubling at a time when millions of Americans are still out of work, many of our Republican colleagues want to strip the Federal Reserve of that part of its mandate that focuses on full employment and putting Americans back…

I would urge you, as you think about these issues, is not just to focus only on the 10 year official budget window, but to think about the longer term, beyond 10 years.

We should finish the job with respect to extending the payroll tax cut for 160 million Americans, and making sure that unemployment insurance is there for people who have lost work through no fault of their own.