Quotes About Challenges

Although austerity in the more troubled countries was probably unavoidable, given how indebted they were, it predictably pushed them deeper into recession.

And as estimates of the company's cash needs grew, the interest of potential buyers waned. With

I think we have to be flexible and creative in the face of what really are extraordinary challenges.

Despite the bumps, and there would be more, Tim would remain cool in the face of adversity.

he tackled a diverse set of tasks,

Beyond the concerns about inhibiting

The growth, however, had not yet translated into a significant improvement in the job market.

the course of the economy is extremely hard to forecast.

That outcome, too, carried risks.

The prospect of improvement in the economy was nowhere in sight.

We all knew that we would meet those challenges more effectively if we worked together rather than operating in isolation.

an area in which we had little or no expertise. And,

In discussing the challenges he and his team faced, Stockton reminded us of 1998,

the Fed had only limited ability to help homeowners in trouble.

Unfortunately, institutional barriers and operational complexities sometimes prevented loan modifications that would otherwise make sense.

Not all the news was positive.

European recovery remained elusive.

My relationship with Corker was complicated by frequent policy disagreements.

The economy seemed to pick up for a few months, but by the time of our March 2003 meeting the recovery again seemed stalled. Shockingly,

Portugal's relatively weak economy had in turn weakened its fiscal position.

I was glad to see Obama bringing these issues,

As always, I follow the economy closely. But it's liberating to read about policy debates knowing that someone else will have to make and defend the tough decisions.

with the president having just been reelected, I could expect to be involved in new policy initiatives.

Still, over time, optimism about resolving Europe's problems faded.