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

Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.

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

In fact, the world needs more nerds.

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.

The Fed is totally open.