“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.”

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.

What audiences love with series is that they can invest in characters for such a long period of time, and it’s the same for actors. You can truly tell your story; then it’s done.

Life isn’t long enough for love and art.

As long as I’m facing the right direction, it doesn’t matter the size of my steps.

Spoon feeding in the long run teaches us nothing but the shape of the spoon.

But there are innumerable instances in human life where a single association, never reinforced, results in the establishment of a life-long dynamic system.

The Stars are a long way off, and their words get somewhat dulled in the message.

In Hollywood, the women are all peaches. It makes one long for an apple occasionally.

William Ferris has long reigned as the unimpeachable source of the entire southern experience. His work on southern folklore and the composition of the Encyclopedia of Southern Culture have made him both legendary and necessary. His book,