These gradual aggregate changes would allow time for any appropriate recalibration of policy -- if, in fact, one is needed,
More Quotes from Michael Moskow:
It is appropriate to maintain an accommodative monetary policy stance, in order to provide some insurance against unwelcome disinflation,Michael 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
If inflation expectations did become unhinged, this might require a stronger response,
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
roughly consistent with an economy operating at potential.
Michael Moskow
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I don't write any of my material down. I like to improvise and be spontaneous.
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