“Developments in financial markets can have broad economic effects felt by many outside the markets.”

It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

Nobody really understands gold prices and I don’t pretend to understand them either.

The Fed is totally open.

I don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.

I am very proud of my nerd-dom.

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

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.

It’s the price of success: people start to think you’re omnipotent.

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

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.

The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.

Not all information is beneficial.

So it’s important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.

I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

Develop habits that will benefit and accelerate your growth.

Gratitude is not a feeling but a state of mind that can be developed.⁣⁣⁣

You don’t develop courage by being happy in your relationships everyday. You develop it by surviving difficult times and challenging adversity.

The attempt to develop a sense of humor and to see things in a humorous light is some kind of a trick learned while mastering the art of living.

Development is about transforming the lives of people, not just transforming economies.

Even people who aren’t geniuses can outthink the rest of mankind if they develop certain thinking habits.

150 people die every year from being hit by falling coconuts. Not to worry, drug makers are developing a vaccine.

One who thinks and reflects develops his foresight and vision.