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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.

Ben Bernanke

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It takes about two and a half percent growth just to keep unemployment stable.

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

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

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.

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

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.

The Federal Reserve will not monetize the debt.

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 sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.

Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.

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

The Federal Reserve is not currently forecasting a recession.

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

Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.

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