William Poole
William Poole
William Poole, also known as, Bill the Butcher and Bill the Butcher Poole, was the leader of the New York City gang, the Bowery Boys and a leader of the Know Nothings political movement...
handling markets
From what I know of that situation, markets are handling it very well,
declines households question suffering
There is no question that many households are suffering declines in real incomes.
front schedule
We don't have any schedule in front of us.
business decline expect fixed growth leveling source
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.
meeting point situation unlike year
Unlike the situation a year ago...at this point I very much go meeting by meeting by meeting.
account adjustment current deficit disruptive economic fall future growth hard inevitable likely painful question stability whether
The question is not whether the U.S. current account deficit will fall in the future but whether the inevitable adjustment is likely to be painful and disruptive of U.S. economic growth and stability -- a hard landing.
auto continuing course locked open policy reading responsive
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.
assertion channel continued copies millions navigator success web
Indeed, Netscape's continued success in distributing millions of copies of Navigator over the Web belies any assertion that this distribution channel has in any sense been foreclosed to Netscape.
both core developing doubt indicate inflation likely market open persist respond seem surprises
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,
both core developing doubt indicate inflation likely market open persist respond seem surprises
I have no doubt that both the 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.
beyond close looking meeting region
I, myself, am not looking beyond one meeting because I think that we are close enough to the region that is equilibrium.
might reasonably regard
that one might reasonably regard as commercially significant.
commit fed future interest policy pursue work
It will be in the interest of future Fed chairmen to commit to pursue policy regularities that work well,
clear extent fed markets policy quite understand
It is quite clear that the markets understand Fed policy to a much better extent than before.