Although short-run swings in firms' energy costs might be absorbed in their profit margins, a persistent increase is likely to be fully passed on to the consumer, |
Clearly, the immediate impact of the events of Sept. 11 was negative -- from disrupted sales, air travel and production, not to mention the effect on the attitudes and expectations of consumers and businesses, |
Coach Johnson has been very supportive. |
Given the persistence of high energy prices that the global economy has confronted of late, policymakers cannot be complacent, ... actively leaning against inflationary pressures long before inflation itself builds. |
I am encouraged that the NAIC has met two times a year with the European Union since 1999 to address transatlantic issues in insurance. |
I have long taken the view that monetary policy should not be aimed at asset prices one way or the other. |
Inflation expectations that are well anchored provide policy-makers much greater flexibility to respond as unexpected events unfold in financial markets, |
It couldn't run on any better! |
It is my sense that we have not yet reached bottom, or at the least it is too early to declare we have reached bottom, |
Policymakers cannot be complacent, |
probably somewhat ahead of other sectors in recognizing the Year 2000 problem. |
She wants to know why this committee continues to focus so much on the style of a man's jacket that was only popular for a few years in the 1960s. |
The challenge is to find the right balance. |
The household saving rate has fallen to less than 1 percent, quite low in its range of historical variation, ... If households, on net, take steps to return the saving rate closer to the middle of that range, which, I might add, would provide welcome support to capital accumulation, then a sustained period in which consumption grows more slowly than income would result. |
They're very similar. The only difference is in how they're scored. |