The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.

The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

I don't fully understand movements in the gold price.

A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

I am very proud of my nerd-dom.