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...
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.
bit economic fact growth housing might rather sector sign turn weak
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.
allow care market process room
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,
declines households question suffering
There is no question that many households are suffering declines in real incomes.
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.
estimate high higher inflation point risks side skewed upside
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,
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.
front schedule
We don't have any schedule in front of us.
aspire clear create policy statements themselves
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,
might reasonably regard
that one might reasonably regard as commercially significant.
entertainment fine problem spending sports
Jerry, entertainment spending for sports may be a problem in Cleveland, but it is doing just fine in St Louis!
desirable highly maximum policy possible practice
It is highly desirable that policy practice be formalized to the maximum possible extent,
continue economy inflation rate reason solid stays view
My view is that the economy is on a very solid track. As long as the inflation rate stays where it is there's no reason not to have the economy continue to grow.