“Our approach during this phase must be particularly dependent on information from incoming data,”
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“has little scope to cushion the immediate economic fallout from such a severe and sudden blow to a region.”
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“Higher oil prices may be partly passed through to core inflation at least for a time,”
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“The Fed has and must have a commitment to price stability. The uncertainties on the upside (for inflation) have only gotten bigger since Katrina slammed into the Gulf Coast,”
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“The Fed has and must have a commitment to price stability,”
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“The Fed has and must have a commitment to price stability, ... The uncertainties on the upside (for inflation) have only gotten bigger since Katrina slammed into the Gulf Coast.”
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“The uncertainties on the upside (for inflation) have only gotten bigger since Katrina slammed into the Gulf Coast.”
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“The Federal Reserve must deliver -- again and again -- on its commitment to price stability,”
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“One option that is clearly not on the table is allowing an unacceptable rise in inflation,”
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“Estimates of the extent of spending are escalating, and the recovery and bounce-back, fueled by massive fiscal stimulus, could propel the U.S. economy on an unsustainable upward trajectory,”
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The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy.
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Private sector labor market flows provide additional indications of the strength of the labor market. For example, the quits rate has tended to be pro-cyclical, since more workers voluntarily quit their jobs when they are more confident about their ability to find new ones and when firms are competing more actively for new hires.
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The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that its easier for the central bank to guard its independence from political pressure when it mainly holds government securities.
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There is always some chance of recession in any year. But the evidence suggests that expansions dont die of old age.
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I dont feel that Ive faced discrimination. Ive had every chance to succeed and more, and I think thats what all women should have.
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Productivity depends on many factors, including our workforces knowledge and skills and the quantity and quality of the capital, technology, and infrastructure that they have to work with.
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In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
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Access to capital is important for all firms, but its particularly vital for startups and young firms, which often lack a sufficient stream of earnings to increase employment and internally finance capital spending.
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Academia is very flexible, but I had a spouse who was very committed to being a completely full partner in our marriage. I think if you counted up how many hours each one of us logged in, he certainly gets more than 50%.
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The trust institutions have in the marketplace, the confidence customers and suppliers and workers and employees have, are very important to a businesss effectiveness.
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