“One might as well try to perform brain surgery with a sledgehammer.”

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

The GSEs are adequately capitalized. They are in no danger of failing.

Speaking as somebody who has been happily married for 35 years, I can’t imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.

Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. econom.

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

If your uniform isn’t dirty, you haven’t been in the game.

I assure this committee that, if I am confirmed, I will be strictly independent of all political influences… essential to that institution’s ability to function effectively and achieve its mandated objectives.

Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

I am confident that we will meet whatever challenges the future may bring.

The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.

The central bank needs to be able to make policy without short term political concerns.

A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.

The American people are among the most productive in the world. We have the best technologies. We have – great universities. We have entrepreneurs.

The Federal Reserve is not currently forecasting a recession.

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

I come from Main Street, from a small town that’s really depressed.

Most days I am in public. If I go to the store, with social media, I’m in public. It might as well be a press conference.

It’s his show and I’m just trying to make him look good. If we were the same age there might be a little tension, but I’m on my way out… I am here to serve your every need, King James.

Guys who might not be superstars but because of their hustle, because of the little things they do, these are the guys who can really mean the difference between winning and losing.

None of my patients are really troubled by the idea that some part of what they say might be in a book in the future.

[To the suggestion that Great Britain might someday want a Republic:] We’ll go quietly.

I love quotations because it is a joy to find thoughts one might have, beautifully expressed with much authority by someone recognized wiser than oneself.

It might be the doing of Satan, in whom Aaron anxiously believed with all of his being except, perhaps, his mind.

Just tell the story and go on to the next one. All of us are full of stories the world might want to hear.