But the various Fed governors seem to be calculating them using numbers, which suggest inflation. Bert Dohmen brought this quote from Fed Governor Richard Fisher of Dallas to my attention, We cannot let the equivalent of sclerosis block the arteries and disrupt the workings ... Nor can we let the inflation virus infect the blood supply and poison the system.
More Quotes from Richard Fisher:
If productivity growth can stay near 3, monetary policy can accommodate relatively faster growth without igniting inflation.Richard Fisher
Business is risky enough without the additional uncertainty created when a nation's unit of account -- in plain language, its money -- is undermined,
Richard Fisher
Is the United States still the growth engine fore the world The answer is yes.
Richard Fisher
I think the actions taken by the (rate-setting) Federal Open Market Committee have been the appropriate actions. And I assume we will continue to take the appropriate actions, depending on what is happening with the data and the dynamics of the economy,
Richard Fisher
The inflation rate is near the upper end of the Fed's tolerance zone, and it shows little inclination to go in the other direction,
Richard Fisher
I have spoken elsewhere of the dangers of inflation, were it to take root. Here the Fed watchers who read entrails might take note -- I am fully confident that the Fed will continue to do its part by containing inflationary expectations and pressures.
Richard Fisher
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Based on Topics: Attention QuotesBased on Keywords: arteries, bert, calculating, disrupt, dohmen, fisher, infect, sclerosis
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