...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals

Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

Monetary policy is not a panacea.

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.

You asked about important factors in management. I think the answer is quite simple – the most important factor is motivation.

Dare to be competent. Competency is what makes everyone remain at peace when things are being handled by you. Watch yourself if everyone feels uncomfortable just because it’s you doing it.

Angels only care about what you look like on the inside. A pure heart is the vessel that contains a soul's true beauty.

Abolish music prejudices. Form opinions and love music for itself, not its genre, performer(s) or popularity status.

See yourself while crying this is only things that no man wants.

Ha! Easy for nuns to talk about giving up things. That's what they do for a living.

Wishes run over in loquacious impotence, will presses on with laconic energy.

All three networks have always had a morning show but now cable of course is taking some of that audience away and a variety of other things, probably the Internet as well.

Always acknowledge a fault. This will throw those in authority off their guard and give you an opportunity to commit more.

As everyone knows, nothing is sweeter than tiny baby fingers and chubby baby toes.