That greater tendency toward self-correction has made the cyclical stability of the economy less dependent on the actions of macroeconomic policy makers, whose responses often have come too late or have been misguided.
The capacity of workers, after being displaced, to find a new job that will eventually provide nearly comparable pay most often depends on the general knowledge of the worker and the ability of that individual to learn new skills,
As a consequence of our current dependence on computers, some Y2K-related failures could have noticeable effects on the economy,
The one certainty is that the resolution of the nation's demographic challenge will require hard choices and that the future performance of the economy will depend on those choices.
It's important that whomever I pick is viewed as an independent person from politics. It's this independence that gives people not only here in America, but the world, confidence.
Whether those adjustments are wrenching will depend ... on the degree of economic flexibility that we and our trading partners maintain, and I hope enhance, in the years ahead,
...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.