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Letter "W" » William Poole Quotes
«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,»
«We want to make sure that we don't have expectations build of a longer-run problem,»
«From what I know of that situation, markets are handling it very well,»
«Expectations have been pretty well contained,»
«We should not just be on auto pilot, ... Policy is and should be responsive to incoming data. We need to be open to reading that evidence, not just continuing a policy course that we thought we locked in.»
«that one might reasonably regard as commercially significant.»
«the ideal [monetary] situation is when changes in policy do not take the market by surprise.»
«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,»
«We've been on a course of raising interest rates. The language in the last (Federal Open Market Committee) statement suggests that there was more to come...If we had wanted a different interpretation, we would have said something different,»
«We should continue that process as long as we have the view that the underlying economy is pretty robust...and the inflation risks are skewed to the upside,»