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,
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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.
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,
benign inflation outcome reason similarly
I see no reason why we should not see a similarly benign inflation outcome this year,
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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.
might reasonably regard
that one might reasonably regard as commercially significant.
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.
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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,
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Monetary economists have not yet developed a formal rule that is likely to have better operating properties than the Fed's current practice,
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,
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,