The president and I have not discussed this, but I greatly appreciate his confidence, ... I have been privileged to be appointed by five presidents to various positions. If President Bush nominates me, and the Senate confirms his choice, I would have every intention of serving.
There are various competing explanations, ... the extraordinary surge in technological innovation has yielded a sharply higher return in investments.
The determination of global economic activity in recent years has been influenced importantly by capital gains on various types of assets, and the liabilities that finance them. Our forecasts and hence policy are becoming increasingly driven by asset price changes.