...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals

Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.

I come from Main Street, from a small town that's really depressed.

The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.

Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. economy. So it's important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.

Nobody really understands gold prices and I don't pretend to understand them either.

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