Michael Moskow Quotes (15 Quotes)

For me, appropriate policy means that we continue to reduce accommodation and return to a neutral federal funds rate,

History will show Alan Greenspan did an outstanding job. He's just steeped in economics. He knows the data better than probably just about anyone else I know.

Rising oil prices, like other unfavorable price shocks, can also feed through and raise underlying core inflation, ... So there is also a risk on the inflation front, and the risk is higher now than it was a year ago.

time to react and take action.

roughly consistent with an economy operating at potential.

Even without an increase in inflation expectations, it will take appropriate monetary policy to keep inflation well contained,

It is appropriate to maintain an accommodative monetary policy stance, in order to provide some insurance against unwelcome disinflation,

If inflation expectations did become unhinged, this might require a stronger response,

These gradual aggregate changes would allow time for any appropriate recalibration of policy -- if, in fact, one is needed,

I'm concerned about core inflation running at the upper end of the range that I feel is consistent with price stability.

It will take appropriate monetary policy to keep inflation and inflation expectations well contained. For me, at this time, such policy likely entails further removal of policy accommodation,

If inflation or inflation expectations were to rise persistently, then policy clearly would have to be tightened further,

There is no evidence the Fed is less effective in monetary policy

I don't think anyone can answer whether the Fed is going to have to tighten beyond neutral, ... You have to be looking at the economy going forward and that changes as additional data comes in.

Inflation currently is near the upper end of the range that I feel is consistent with price stability. As such, I believe monetary policy must be vigilant.