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...
benign inflation outcome reason similarly
I see no reason why we should not see a similarly benign inflation outcome this year,
continue economy inflation process risks skewed underlying view
We should continue that process as long as we have the view that the underlying economy is pretty robust...and the inflation risks are skewed to the upside,
central driving economy inflation responsibility situation stability
Maintaining inflation stability is the central responsibility of the central bank. But we don't want to be in the situation of over-reacting and driving the economy down,
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,
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.
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.
cold pressures prices true winter
There will be some pressures on households, and that will be particularly true if we have a cold winter and natural-gas prices go up even further.
employment exert greater habits housing income influence pocketbook spending state
Other economy-wide developments, especially income and employment growth, typically exert a much greater influence on the consumer's pocketbook and spending habits than does the state of the housing industry.
aim broad measures percent pick
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.
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.
handling markets
From what I know of that situation, markets are handling it very well,
account adjustment begin believe current fairly quite slow
I believe the current account adjustment will be fairly slow and orderly, and that it may not begin for quite some time,