As we have seen with oil and gas, the supply side impairment itself automatically puts upward pressure on prices. Simultaneously stimulating demand would only exacerbate those price pressures.

286

Shift gears, moving from its current stance, geared to stimulating a recovery, to a more neutral stance.

252

Any policy adjustment need not take place in the near future.

229

A number of sectors will need to transition before we can be confident of an acceptable level of economic activity.

217

One reason for such confidence is our country has the biggest stimulus and lowest interest rates we have had for a very long time.

197

It appears our nation's pattern of payments is finally evolving - some might say it is experiencing a radical change - from one based on paper checks to one based on electronics.

159

Our dual mandate of fostering full employment and a stable price environment remains firmly in place.

158

I am confident that the passing of the torch from Chairman Greenspan to his successor will be smooth and seamless.

130

The U.S. economy has proved to be surprisingly capable of absorbing such shocks and, after a short period, the effects of Katrina are likely to slow but not stall the forward progress of the national economy.

112