"While it appears urgent, if not agreeable, to use massive public spending to stimulate an economy under duress, an economy cannot sustain long-term growth under the weight of significant fiscal burdens." ; Remarks before the World Affairs Council of Dallas/Fort Worth, Dallas, Texas, February...

Remarks before the Global Interdependence Center, Philadelphia, Pennsylvania, January 17, 2008. ; "...the FOMC does not intend to just squat and wait should economic data and sound risk management signal that monetary accommodation is required."

"In today's world, where investors can move their funds instantly from one currency to another to avoid depreciation, the price central bankers pay for high inflation is much higher than in the past. Understanding this, you can see why I am a steadfast inflation-fighting owl." ; Remarks for a...

Remarks before the C.D. Howe Institute Directors' Dinner, Toronto, June 4, 2013 ; "My staff and I think there is a better-than-even chance that the present GDP growth consensus forecast of 2.4 percent by professional economists may be underestimating the underlying pace of growth."

Remarks at Harvard's John F. Kennedy School of Government, Cambridge, Massachusetts, February 23, 2009. ; "It may seem like the stuff of the wildest dreams to imagine our getting ourselves out from our current nightmarish predicament. But I believe we can and we will. We are Americans. I believe...

Remarks for $100 Bill Launch at Houston Branch , Houston, Texas, October 8, 2013>

Remarks before the Equipment Leasing and Finance Association Financial Institutions Conference, Irving, Texas, April 16, 2007 ; "Yes, we remain the biggest player on the global stage, but if we fail to get our fiscal house in order, we could bequeath our descendants unconscionable debt and slow...

Remarks to the Austin Mortgage Bankers Association, Austin, Texas, April 4, 2007 ; "The elimination of risk can never be the goal of any type of policymaker in a capitalist system. Risk becomes a problem only when it is excessive or when it is abused--a proposition that is especially true in...

Many hedge funds attempt to achieve high returns by employing leverage. However, it is difficult to track the degree of leverage used by hedge funds over time because detailed timely information about their positions in asset markets is generally unavailable. This paper discusses how to combine...

We examine the effects of smoothed hedge fund returns on standard deviation, skewness, and kurtosis of return and on correlation of returns and cross-sectional volatility and covariance of returns using an MA(2)-GARCH(1,1)-skewed-t representation of returns instead of the traditional MA(2) model...