He just loved it — that was his favorite thing, doing the calculations himself.

It's a technical, fairly difficult job that has no particular political connotations, so I doubt there are any big campaign contributors dying to be on the Fed. And remember, it doesn't pay very well, certainly by Republican standards.

Indeed, I hope to spend more time and to be more effectively involved in the city than I have been able to be at the Fed,

It's something we're watching, but not with great concern, ... I think there is room in the world for another major currency and this was one is certainly welcome.

it will be a good long time before there's upward pressure on prices or wages.

They are not going to raise rates till probably next fall, if that, assuming that the recovery continues to gather momentum.