Mark Olson
Mark Olson
absence additional helped inflation limited time
For most of the time that I have been on the board, there has been very limited pass-through of the additional costs. And the absence of that pass-through has helped keep inflation down,
anecdotes attention faster information pay reporting rolls useful
Real-time, on-the-ground anecdotes get to us faster than does the information that rolls up through the reporting process. Those anecdotes are enormously useful and we pay a lot of attention to them.
farms guy land tries
The farms are getting so huge. You know, they can farm so much. The guy that's got the land, he tries to get some more.
pause policy removal until voted
As a result, I voted to pause in the removal of policy accommodation until more was known.
selling
It's expensive. If you're selling $2 corn, you can't make it.
available care duty forensic happen hospital issue major nowhere patient raise state system taken unit
If anything was to happen to a patient taken to the forensic unit because there was nowhere else available in the system it would raise a major duty of care issue for the hospital and the State Government.
considered
I got 650. That'd be considered small, I guess.
addressing condition continuing economy economy-and-economics fiscal issues lack policy returned
It's the continuing lack of addressing the fundamental fiscal policy issues now that the economy has returned to a more-normal condition that we need to address,
close farm nobody people retire rural sad sizes
It's sad to say, but our rural communities are close to being extinct. Because when people like us retire in 10, 15 years, with farm sizes the way they are, there's going to be nobody left.
extremely modest
This is an extremely modest step, but it is a step.
felt followed forces great held hurricane information katrina market meeting near open september three weeks
As our September FOMC (Federal Open Market Committee) meeting followed Hurricane Katrina by approximately three weeks and was held concurrently with the formation of Hurricane Rita, I felt that there was insufficient information as well as great uncertainty about how these forces would play out in the near term,
core cost energy impetus increases posing pressure price producers risk thereby
These (energy) price increases will put upward pressure on the cost of the producers of other items, thereby posing the risk of some impetus to core inflation,
designed includes job note
This $50 note is beautifully designed and includes important anti-counterfeiting features, ... is a job that's never finished.
carefully core impact increases pass potential price watching
We are watching very carefully the potential impact of inflation, and especially any price increases that would pass through to core inflation.