We want to make sure that we don't have expectations build of a longer-run problem,
More Quotes from William Poole:
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,William Poole
It is quite clear that the markets understand Fed policy to a much better extent than before.
William Poole
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.
William Poole
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.
William Poole
I doubt that the transcript would be a very satisfactory communication vehicle.
William Poole
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.
William Poole
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Based on Keywords: longer-runA review was published in Nature, very scathing, essentially calling me incompetent, though they didn't use that word. I am putting a reply on my Web site in a few days, where I go through their arguments, paragraph by paragraph.
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As every new breed of virus is conceived, created and released into the wild, another small change is made to the anti-virus software to combat the new threat.
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Culture is the widening of the mind and of the spirit.
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