Quotations
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William Poole Quotes
«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.»
Author: William Poole
«I believe the current account adjustment will be fairly slow and orderly, and that it may not begin for quite some time,»
Author: William Poole
«There is no question that many households are suffering declines in real incomes.»
Author: William Poole
«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.»
Author: William Poole
«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,»
Author: William Poole
«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,»
Author: William Poole
«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,»
Author: William Poole
«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,»
Author: William Poole
«It is quite clear that the markets understand Fed policy to a much better extent than before, ... My own view is that the market's improved understanding, and the Fed's efforts to improve clarity of monetary policy decisions, has much to do with the economy's improved stability.»
Author: William Poole
«Monetary economists have not yet developed a formal rule that is likely to have better operating properties than the Fed's current practice, ... Greenspan rule.»
Author: William Poole