The Gses Are Adequately Capitalized. They Are

In The Future, My Communications With The Public And With The Markets Will Be Entirely Through Regular And Formal Channels.

House Prices Have Risen By Nearly 25 Percent Over The Past Two Years. Although Speculative Activity Has Increased In Some Areas, At A National Level These Price Increases Largely Reflect Strong Economic Fundamentals.

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.

If You Want To Understand Geology, Study Earthquakes. If You Want To Understand The Economy, Study The Depression.

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.