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.

Not all information is beneficial.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

In fact, the world needs more nerds.

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