A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

I don't see much evidence of an equity bubble.

The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.

Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.