William Poole Quotes (22 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,

At a minimum, the (Fed's policy panel) can and should aspire to policy statements that are clear and do not themselves create uncertainty and ambiguity,

Maintaining inflation stability is the central responsibility of the central bank. But we don't want to be in the situation of over-reacting and driving the economy down,

Our aim is to keep inflation, in general, down. If I had to pick a point, it is to keep these broad measures in a one to two percent range.

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,

I believe the current account adjustment will be fairly slow and orderly, and that it may not begin for quite some time,

I have no doubt that both the (policy-setting) FOMC (Federal Open Market Committee) and the market would respond to surprises in core inflation that seem likely to persist and to indicate a developing inflation problem,

I see no reason why we should not see a similarly benign inflation outcome this year,

We want to make sure that we don't have expectations build of a longer-run problem,

The fact that housing might turn a little bit weak is not a sign that economic growth is at risk, but rather that you have displacement from one sector to a different sector.

I would not expect any precipitous decline in housing. I would expect it to just be leveling off, and you would see new source of growth from business fixed investment.

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.

There will be some pressures on households, and that will be particularly true if we have a cold winter and natural-gas prices go up even further.

The market has a high degree of confidence the Fed will avoid

It is quite clear that the markets understand Fed policy to a much better extent than before.

the ideal monetary situation is when changes in policy do not take the market by surprise.

I doubt that the transcript would be a very satisfactory communication vehicle.

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,

My personal experience is that I find it exceedingly difficult to predict how people will interpret policy actions and the nuances of the press release.

What we need to do is to allow the market ample room to take care of that problem, which the market is in the process of doing,

It will be in the interest of future Fed chairmen to commit to pursue policy regularities that work well,

It is highly desirable that policy practice be formalized to the maximum possible extent,