“The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.”

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy’s greatest contribution to general economic prosperity and maximum employment.

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

I don’t fully understand movements in the gold price.

Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.

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

How much would you pay to avoid a second Depression?

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.

I got private lessons in keyboard at Julliard, before New England Conservatory of Music in Boston.

I love when I teach my son a good lesson. But I love it even more when he teaches me.

God is teaching you a Lesson of Victory.

I now know that I learn by solving problems as they arise. Rarely do we learn significant lessons, or significantly improve, any other way.

You should never have gotten to the stage where you could see the last ancient forests! Just get out of there right now, because the lessons you need to learn are there. That’s the last place you’ll find those lessons readable.

I knew after my first lesson what I wanted to do with my life.

If I’ve learned any one lesson from life, it’s this: If you don’t stand for something, you will stand for anything.

The biggest lesson Stephen Strange learns in this film is it’s not all about him.