You don't fix the problem until you define it.

We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.

But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.

Higher energy prices act like a tax. They reduce the disposable income people have available for other things after they've paid their energy bills.

We must start with the reality that corporations cannot guarantee anyone a lifetime job any more than corporations have a guarantee of immortality.

And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.

Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.