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

While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.

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

The Federal Reserve is not currently forecasting a recession.

The American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.