In fact, the world needs more nerds.

Both humanity's capacity to innovate and the incentives to innovate are greater today than at any other time in history.

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

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

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

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

The central bank needs to be able to make policy without short term political concerns.