"The earnest men and women who make up the FOMC have no intention of squandering the bedrock capital of a central bank: the confidence the public places in our hands to keep inflation at bay while we work to bolster economic growth and restore the financial system." ; Remarks before the Progress...

"The earnest men and women who make up the FOMC have no intention of squandering the bedrock capital of a central bank: the confidence the public places in our hands to keep inflation at bay while we work to bolster economic growth and restore the financial system." ; Remarks before the Progress...

Presented at the Bowling Green Area Chamber of Commerce. February 24, 2011.

Presented at the Bowling Green Area Chamber of Commerce. February 24, 2011.

The current recession has deepened because of shrinking credit flows from banks, nonbank lenders and securities markets. This contrasts with the early 1990s, when new bonds and commercial paper cushioned a bank credit crunch, and with the high-tech investment bust of the early 2000s, when steady...

Global economic integration may have made other countries more dependent on each other and weakened their initial responses to U.S. economic fluctuations.

Presentation to the Commonwealth Club of California, San Francisco CA, June 30, 2009

"I envision an output path going forward from here that looks something like a check mark, with the Johnny Mercer effect giving us a near-term snapback from the short, intense downstroke, followed by a transition to a long period of slower growth corresponding to the elongated side of the mark."...

Remarks before the Washington Association of Money Managers, Washington, D.C., May 28, 2009. ; "A keen student of the H.4.1 and the Foreign and International Monetary Authority (FIMA) custody holdings reports of the Fed will detect that foreign official holdings of U.S. Treasuries and agencies...

"We are the nation's central bank and we are duty bound to apply every tool we can to clean up the mess that has soiled the face of our financial system and get back on the track of sustainable economic growth with price stability. The men and women of the Federal Reserve spend every waking hour...