Explore inspirational quotes.
| Although most Americans apparently... | Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers. Copy Copy Although most Americans apparently loathe⦠copied to clipboard | ||
| As always, it would... | As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability. Copy Copy As always, it would be⦠copied to clipboard | ||
| Financial market participants appear... | Financial market participants appear to recognize the FOMC's data-dependent approach because incoming data surprises typically induce changes in market expectations about the likely future path of policy, resulting in movements in bond yields that act to buffer the economy from shocks. Copy Copy Financial market participants appear to⦠copied to clipboard | ||
| In the five years... | In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression. Copy Copy In the five years since⦠copied to clipboard | ||
| It's important for market... | It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look at incoming data, and to form their own judgments as to whether or not changes in policy would be appropriate. Copy Copy It's important for market participants⦠copied to clipboard | ||
| Models used to describe... | Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation. Copy Copy Models used to describe and⦠copied to clipboard | ||
| My parents were born... | My parents were born in 1906 and 1907. I think the experience of the Depression greatly influenced the way they thought about the world. Copy Copy My parents were born in⦠copied to clipboard |
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