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.

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.

A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

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.

Monetary policy is not a panacea.

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 risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.