Related links: http://www.richmondfed.org/publications/research/region_focus/2011/q2/around_the_fed_weblinks.cfm

"Monetary policy acts with a lag. I liken it to a good single malt whiskey or perhaps truly great tequila: It takes time before you feel its full effect. The Fed has to be very careful now to add just the right amount of stimulus to the punchbowl without mixing in the potential to juice up...

Introductory Remarks for the Panel Discussion Sponsored by the Heller-Hurwicz Economics Institute and the Economic Club of Minnesota at the University of Minnesota, Minneapolis.

Remarks at the Transatlantic Economic Interdependence and Policy Challenges Conference, Federal Reserve Bank of New York, New York City.

Remarks at the ACI 2010 World Congress, Sydney, Australia.

Remarks at the Global Association of Risk Professionals 12th Annual Risk Management Convention, New York City.