We Believe In A Strong Dollar. Chinese

The Rest Of The World Needs The U.s. Economy And Financial System To Recover In Order For It To Revive. We Remain At The Center Of Global Economic Activity With Financial And Trade Ties To Every Region Of The Globe.

Most Consequential Choices Involve Shades Of Gray, And Some Fog Is Often Useful In Getting Things Done

Monetary Policy Itself Cannot Sensibly Be Directed At Reducing Imbalances.

As Financial Markets Continue To Broaden And Deepen, The Behavior Of Asset Prices Will Play An Important Role In The Formulation Of Monetary Policy Going Forward, Perhaps A More Important Role Than In The Past.

In The Financial System We Have Today, With Less Risk Concentrated In Banks, The Probability Of Systemic Financial Crises May Be Lower Than In Traditional Bank-centered Financial Systems