It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

The GSEs are adequately capitalized. They are in no danger of failing.

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

I generally leave the details of fiscal programs to the Administration and Congress. That's really their area of authority and responsibility, and I don't think it's appropriate for me to second guess.

Not all information is beneficial.

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

[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.