Roger Ferguson
Roger Ferguson
Roger W. Ferguson, Jr.is an American economist, who was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006, and has served as President and Chief Executive Officer of the Teachers Insurance and Annuity Association - College Retirement Equities Fundsince April, 2008...
capital closer fallen grows historical household income less low middle might period provide quite range rate return saving slowly steps support sustained welcome
The household saving rate has fallen to less than 1 percent, quite low in its range of historical variation, ... If households, on net, take steps to return the saving rate closer to the middle of that range, which, I might add, would provide welcome support to capital accumulation, then a sustained period in which consumption grows more slowly than income would result.
crummy game guts responsibility saying sports takes win
You can't have a crummy game and win like you could in other sports, because it's all up to you. There is a saying in wrestling, ' If it is to be, it's up to me'. It takes a lot of guts to take on that responsibility and scrutiny.
anchored events financial greater inflation provide respond unexpected unfold
Inflation expectations that are well anchored provide policy-makers much greater flexibility to respond as unexpected events unfold in financial markets,