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.

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

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

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.

Not all information is beneficial.

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