Quotes from the news wire:
They’re still unimaginably high from the perspective of two or three years ago, and that getting the rest of the way back to target inflation may still prove to be quite difficult.
Found on CNN 1 year ago
I would advise him that it’s not a viable strategy for the country to default on obligations, that’s the stuff of banana republics, and that he’s not going to engage in any of that stuff.
Found on CNN 1 year ago
You don’t get to be a CEO if you don’t love being in the office, and so CEOs want all their people to come back and be working, but lots of people like their dens better than they like their cubicles.
Found on CNN 1 year ago
The benefit we can get from pushing unemployment low is on almost all economic theories and likely not to be a permanent one, but if we push inflation up and those issues become entrenched, we’re going to live with that inflation for a long time.
Found on CNN 1 year ago
It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market, between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.
Found on CNN 1 year ago
I think it's going to take time to put out this fire, and it's going to burn for a while, and it's not going to be completely comfortable while we are putting out the fire. That's just a consequence of the situation we find ourselves in.
Found on CNN 1 year ago
I think if we can reduce tariffs where those tariffs aren't strategic and are hurting us, but not doing much to the Chinese, I think that can make a meaningful contribution to reducing inflation, i think it's going to take time to put out this fire, and it's going to burn for a while, and it's not going to be completely comfortable while we are putting out the fire. That's just a consequence of the situation we find ourselves in.
Found on CNN 1 year ago
These figures and labor market tightness and the behavior of housing markets and asset prices are all rising in a more concerning way than I worried about a few months ago, this raises my degree of concern about an economic overheating scenario. There are huge uncertainties in the outlook, but I do believe the focus of concern right now should be on overheating.
Found on CNN 2 years ago
When you're surprised, you're supposed to consider changing your mind.
Found on CNN 2 years ago
Then why on God's Earth are we projecting that we are going to hold interest rates at zero for three years ?
Found on CNN 2 years ago
We are printing money, we are creating government bonds, we are borrowing on unprecedented scales, those are things that surely create more of a risk of a sharp dollar decline than we had before. And sharp dollar declines are much more likely to translate themselves into inflation than they were historically.
Found on CNN 2 years ago
Joe Biden has a historic opportunity to be a great president, but I think they should learn the lesson of the Johnson administration's errors that elected Richard Nixon and the Carter administration's errors that elected Ronald Reagan.
Found on CNN 2 years ago
The Fed's idea used to be that Federal Reserve removed the punchbowl before the party got good, now, the Fed's doctrine is that it will only remove the punchbowl after it sees some people staggering around drunk.
Found on CNN 2 years ago
I think policy is rather overdoing it, the sense of serenity and complacency being projected by the economic policymakers, that this is all something that can easily be managed, is misplaced.
Found on CNN 2 years ago
Policymakers at the Fed and in the( White House) need to recognize that the risk of a Vietnam inflation scenario is now greater than the deflation risks on which they were originally focused.
Found on CNN 3 years ago
Policymakers at the Federal Reserve and in the( White House) need to recognize that the risk of a Vietnam inflation scenario is now greater than the deflation risks on which they were originally focused.
Found on CNN 3 years ago
We were providing demand well in excess over the next couple of years of any plausible estimate of the economy’s potential to produce, and that meant substantial price increases.
Found on FOX News 3 years ago
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