"We are the nation's central bank and we are duty bound to apply every tool we can to clean up the mess that has soiled the face of our financial system and get back on the track of sustainable economic growth with price stability. The men and women of the Federal Reserve spend every waking hour...

Remarks before the Japan Center for Economic Research, Institute for International Monetary Affairs and Japanese Bankers Association, Tokyo, Japan, April 8, 2009. ; "But it is clear to me that in this environment, inflation is unlikely to present a serious threat given the pervasive bias in the...

Remarks before the 2009 Global Supply Chain Conference, Fort Worth, Texas, March 4, 2009. ; "If, in the process of doing what is right and proper by confining its activity to its singular purpose, the Federal Reserve becomes a 'nuisance,' so be it. The Fed under Paul Volcker's leadership was...

Remarks Before CERAWeek, Houston, Texas, February 9, 2009. ; "Our senators and congressmen and -women must find a way to give our economic engine an activating short-term jolt without encumbering or disincentivizing the entrepreneurial dynamic that has made for the long-term economic miracle...

Remarks before Tsinghua University's School of Economics and Management, Beijing, China, April 17, 2009. ; "The Federal Reserve is in the process of acquiring the tools to short-circuit any inflationary consequences of its balance sheet growth."

Remarks at the Council of Society Business Economists Annual Dinner, London, United Kingdom.

Remarks at the Council of Society Business Economists Annual Dinner, London, United Kingdom.

About two weeks prior to each FOMC meeting, the Federal Reserve releases a description of economic activity in a document called the Beige Book. The authors examine whether the descriptive content of the Beige Book affects asset prices. The results indicate that more positive Beige Book reports...

In making monetary policy, the Federal Open Market Committee (FOMC) relies in part on the Beige Book, a report on regional economic conditions released publicly about two weeks before each FOMC meeting. The Beige Book summarizes economic conditions in each of the twelve Federal Reserve districts...