It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it.

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.

The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.

I'm convinced we go to school at the wrong time. I'd have been delighted, aged 12, to get out into the world and earn some money doing something menial.

Because of what I've saved, I don't really have a lot of worries about money.

History told me that you just keep working, and it is easy to make more money.

I see city finances within the context of an economic strategy... We are going to solve our financial problems by growing the economy, and I have rejected some corners that have called for a slash-and-burn approach, and I've rejected others who have called for raising taxes and leaving government as is.