It's the price of success: people start to think you're omnipotent.

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

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.

Developments in financial markets can have broad economic effects felt by many outside the markets.

It's the price of success: people start to think you're omnipotent.

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.