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...
course interest language last market open raising statement
We've been on a course of raising interest rates. The language in the last (Federal Open Market Committee) statement suggests that there was more to come...If we had wanted a different interpretation, we would have said something different,
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,
handling markets
From what I know of that situation, markets are handling it very well,
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.
clear extent fed markets policy quite understand
It is quite clear that the markets understand Fed policy to a much better extent than before.
avoid confidence degree fed high market
The market has a high degree of confidence the Fed will avoid
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,
actual along certain chance date decline economy escape excellent fact knows whether
No one knows for certain whether the economy can escape an actual decline in real GDP, but the fact that we have done so to date and that many adjustments are now well along suggests that we have an excellent chance of doing so,
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,
current developed economists formal likely monetary operating properties rule
Monetary economists have not yet developed a formal rule that is likely to have better operating properties than the Fed's current practice,
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,
build sure
We want to make sure that we don't have expectations build of a longer-run problem,
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.