Fed participation in foreign exchange intervention ... risks creating doubt over whether monetary policy will support domestic or external objectives, and this confusion can undermine the credibility of the Fed's commitment to low inflation.

Mr. Blake is attentive, visible and enthusiastic in this support and knows the benefits of participation in athletics. He will quickly say that his involvement in athletics taught many valuable lessons not learned in a classroom setting and allowed his success later in life.

There's no doubt that over the last 10 years, participation in skating and (ice) hockey has increased.

There was a view that by not telling a lot ... the Fed could surprise and, therefore, have a greater effect on markets, We don't think in those terms at all.

With the economy operating at close to full capacity, it's important that the Fed be vigilant about the possibility of some acceleration in inflation.

We're excited about the participation numbers. I think that will be the case across the board with all of our sports.