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.
More Quotes from William Poole:
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,William Poole
It is highly desirable that policy practice be formalized to the maximum possible extent,
William Poole
We want to make sure that we don't have expectations build of a longer-run problem,
William Poole
It is quite clear that the markets understand Fed policy to a much better extent than before.
William Poole
the ideal monetary situation is when changes in policy do not take the market by surprise.
William Poole
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