Remarks before the Park Cities Rotary Club, Dallas, Texas, February 9, 2007 ; "At this early juncture in 2007, I think it entirely reasonable to expect the economy to maintain an average pace of 3 percent growth for the year. And, if we at the Fed do our job well, we should be able to...

"The problem that has been ailing capital markets and, by extension, the economy has not been the fed funds rate. It has been and remains risk aversion and uncertainty about counterparty risk and capital adequacy." ; Remarks before the Money Marketeers of New York University, New York City,...

Remarks at a Community Luncheon hosted by the Federal Reserve Bank of Dallas, San Antonio Branch, Corpus Christi, Texas, June 14, 2006 ; "Against the background of sustained high prices for oil and gasoline and the inevitable propensity of sellers of goods and services to try to pass on cost...

Remarks before the Houston World Affairs Council, Houston, Texas, April 13, 2007 ; "We need new and better tools to help us determine just how globalization is affecting economies around the world, and how policymakers can reap benefits from these insights. Getting it right may well alter our...

I evaluate the quantitative implications of technology change and government policies for output and factor income shares during East Germany's transition since 1990. I model an economy that gains access to a high productivity technology embodied in new plants. As existing low productivity...

Remarks Before CERAWeek, Houston, Texas, February 9, 2009. ; "Our senators and congressmen and -women must find a way to give our economic engine an activating short-term jolt without encumbering or disincentivizing the entrepreneurial dynamic that has made for the long-term economic miracle...

"As to the Federal Reserve reducing its balance sheet so as not to monetize the excess reserves waiting to be converted to bank loans to the private sector, I have been very clear: Given the lag between the time monetary policy is initiated and when it impacts the economy, that wind-down process...

"I believe I can safely speak for us all when I tell you that the Federal Reserve will continue to explore every avenue and consider every option to see the credit market through the current crisis, consistent with the safety of the System." ; Remarks before the International Institute of...

"Despite the efforts of the Fed, the hope that comes with a new presidency, and what will hopefully be responsible and carefully calibrated fiscal initiatives for the Congress, I believe we have an epic challenge ahead of us. We are navigating the mother of all financial storms. We will...

Remarks before Tsinghua University's School of Economics and Management, Beijing, China, April 17, 2009. ; "The Federal Reserve is in the process of acquiring the tools to short-circuit any inflationary consequences of its balance sheet growth."