I am unable to think of any critical, complex human activity that could be safely reduced to a simple summary equation.

Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might take local actions that would cause the overall resolution to spin out of control.

Regulatory changes have forced banks to closely examine their liquidity planning and to internalize the costs of liquidity provision. The costs of committed liquidity facilities will be passed on to clearing members. These costs are perhaps highest in clearing Treasury securities, where liquidity needs can be especially large.

The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.

I'm pleased to offer analysis of public policy and politics to the millions of Americans who get their news from Fox.

Americans cannot afford to turn a blind eye to Russian interference in our democracy. We need to get to the facts and learn lessons to prevent future misconduct by foreign governments.

There's an awful lot of corruption in Japanese business and politics, corruption of the sort that can make for great setting for a spy story.

In the family, no one is ever pushed. I came to politics spontaneously; there was no obligation. It has to happen naturally.