Middle-income living standards, and poverty for that matter, are best addressed through employment growth, ... By maintaining low inflation and low expectations of inflation, you can create new employment. |
might have done much more harm than good. |
Monetary policy is most effective when it is coherent, consistent and predictable as possible, while at all times leaving full scope for flexibility and the use of judgment as conditions may require. |
Of course, a decision to take no action at a particular meeting does not preclude action at subsequent meetings. |
One may aspire to succeed Chairman Greenspan but it will not be possible to replace him, |
One might as well try to perform brain surgery with a sledgehammer. |
Our assessment currently is that the risks to inflation are perhaps the more significant at the moment, and we need to address that. |
Our mission as set forth by the Congress is a critical one. |
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. |
Our understanding of the best practice in monetary policy evolved during Alan Greenspan's tenure at the Fed, and it will continue to evolve in the future, |
Over the past decade a combination of diverse forces has created a significant increase in the global supply of saving -- a global saving glut, |
pretty optimistic about the economy. |
Providing quantitative guidance about the meaning of 'long-term price stability' could have several advantages, including further reducing public uncertainty about monetary policy and anchoring long-term inflation expectations even more effectively, |
Quantitatively, outsourcing abroad simply cannot account for much of the recent weakness in the U.S. labor market and does not appear likely to be an important restraint to further recovery in employment, |
Reconstruction is going to add jobs and growth to the economy, |