I am very proud of my nerd-dom.

One might as well try to perform brain surgery with a sledgehammer.

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

The Federal Reserve is not currently forecasting a recession.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.

...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals