The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
If your uniform isn't dirty, you haven't been in the game.
The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
I am confident that we will meet whatever challenges the future may bring.
Monetary policy is not a panacea.
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.