In Fact, The World Needs More Nerds.

Inflation Is Certainly Low And Stable And, Measured In Unemployment And Labour-market Slack, The Economy Has Made A Lot Of Progress. The Pace Of Growth Is Disappointingly Slow, Mostly Because Productivity Growth Has Been Very Slow, Which Is Not Really Something Amenable To Monetary Policy. It Comes From Changes In Technology, Changes In Worker Skills And A Variety Of Other Things, But Not Monetary Policy, In Particular.

Our Mission, As Set Forth By The Congress Is A Critical One: To Preserve Price Stability, To Foster Maximum Sustainable Growth In Output And Employment, And To Promote A Stable And Efficient Financial System That Serves All Americans Well And Fairly.

I Am Confident That We Will Meet Whatever Challenges The Future May Bring.

The Amount Of Currency In Circulation Is Not Changing. The Money Supply Is Not Changing In Any Significant Way.

Education - Lifelong Education For Everyone - From Toddlers To Workers Well Advanced In Their Careers - Is Indeed An Excellent Investment For Individuals And Society As A Whole.