Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode - the aftereffects of which still linger - has led many to question whether the economics profession contributes anything significant to society.

People who stay unemployed for a long time start to look like damaged goods, and they don't get such good offers. Also, they're not learning anything. Most learning is on-the-job learning.

If we wait until income inequality is much more severe, we will have a whole class of new superrich who will probably feel entitled to their wealth and will have the means to defend their interest. That's already gone far enough. We shouldn't let it become more extreme.

One thing I've noticed about history - you can search on newspapers going back hundreds of years, search for 'economic forecast,' you don't find it. It would be very rare to find it.

Sam Alito replacing Justice O'Connor was a very significant change. He is much more conservative. And, as for John Roberts, he is much more in the direction of protecting the rights of very rich people to donate money to campaigns than Bill Rehnquist ever was.

We must ensure the economy really works for all, to address unconscionable wealth and income disparities that allow access to opportunity for some over others.

We're charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators.

People look at Instagram and say they want money, they want this, they want that.