Monetary policy is not a panacea.

I don't fully understand movements in the gold price.

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

Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

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

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 don't see much evidence of an equity bubble.