Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.

The Federal Reserve cannot solve all the economy's problems on its own.

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

The Federal Reserve is incapable of accomplishing its stated objectives.

The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example.

After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.