It is appropriate to maintain an accommodative monetary policy stance, in order to provide some insurance against unwelcome disinflation,
More Quotes from Michael Moskow:
There is no evidence the Fed is less effective in monetary policyMichael Moskow
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.
Michael Moskow
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.
Michael Moskow
If inflation expectations did become unhinged, this might require a stronger response,
Michael Moskow
If inflation or inflation expectations were to rise persistently, then policy clearly would have to be tightened further,
Michael Moskow
time to react and take action.
Michael Moskow
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