42 ordspråk av William Poole
William Poole
At a minimum, the (Fed's policy panel) can and should aspire to policy statements that are clear and do not themselves create uncertainty and ambiguity,
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Expectations have been pretty well contained,
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From what I know of that situation, markets are handling it very well,
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How long it takes to unwind from all of that, I don't know, but it ought not to be viewed as an objective of monetary policy to try to stabilize price fluctuations of that sort,
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I believe the current account adjustment will be fairly slow and orderly, and that it may not begin for quite some time,
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I doubt that the transcript would be a very satisfactory communication vehicle.
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I have no doubt that both the (policy-setting) FOMC (Federal Open Market Committee) and the market would respond to surprises in core inflation that seem likely to persist and to indicate a developing inflation problem,
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I have no doubt that both the FOMC (Federal Open Market Committee) and the market would respond to surprises in core inflation that seem likely to persist and to indicate a developing inflation problem,
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I have no doubt that both the FOMC (Federal Open Market Committee) and the market would respond to surprises in core inflation that seem likely to persist and to indicate a developing inflation problem.
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I see no reason why we should not see a similarly benign inflation outcome this year,
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I think the inflation risks around the point estimate are skewed to the high side ... I would put a higher probability on an upside surprise,
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I would not expect any precipitous decline in housing. I would expect it to just be leveling off, and you would see new source of growth from business fixed investment.
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I, myself, am not looking beyond one meeting because I think that we are close enough to the region that is equilibrium.
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Indeed, Netscape's continued success in distributing millions of copies of Navigator over the Web belies any assertion that this distribution channel has in any sense been foreclosed to Netscape.
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It is highly desirable that policy practice be formalized to the maximum possible extent,
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