Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

It takes about two and a half percent growth just to keep unemployment stable.

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

Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.

Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.