Are deviations from full employment a social problem? Obviously.

It slightly worries me that when people find a problem, they rush to judgment of what to do.

I am anxious to fix welfare. There has to be more training and child care.

My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery ... I consider it imperative that we do what we can to promote a very strong recovery.

Stores don't order merchandise unless they think they can sell it right away. Manufacturers and builders don't produce unless they have buyers lined up. My business contacts describe this as a paradigm shift and they believe it's permanent.

I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.