“It's important for market participants to have a sense of how we think...” — Janet Yellen Quote

It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look at incoming data, and to form their own judgments as to whether or not changes in policy would be appropriate.

It certainly would be helpful going forward for deficit reduction efforts to focus on the medium term while not subtracting from the impetus we need to keep a fragile economy moving forward.

At the federal level, the fiscal stimulus of 2008 and 2009 supported economic output, but the effects of that stimulus faded; by 2011, federal fiscal policy actions became a drag on output growth when the recovery was still weak.

An important factor influencing intergenerational mobility and trends in inequality over time is economic opportunity.

I would not, under any circumstances, try to impose my personal faith and belief on the rest of the country. I don't think that's right. I don't think that's appropriate.

For my first job interview out of college, I wore a cream-colored cotton suit with cap sleeves and an inverted box pleat skirt that was appropriate for the late-August heat - and wildly discordant with the Red Hook offices of the graffiti magazine I had called twice to find.

As players we have to be careful what we put out there and make sure everything we do is appropriate. And it is not always easy.

I think, in a large way, it's, 'OK, you've knelt; you've made your point.' But I don't necessarily feel like that. I don't know what that looks like. Do I kneel forever? I don't know, probably not. But I think until I can feel like I'm being more effective in other ways, then this seems appropriate to me.