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...
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,
benign inflation outcome reason similarly
I see no reason why we should not see a similarly benign inflation outcome this year,
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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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.
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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,
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that one might reasonably regard as commercially significant.
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,
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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.
business decline expect fixed growth leveling source
I would not expect any precipitous decline in housing. I would expect it to just be leveling off, and you would see new source of growth from business fixed investment.
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.
beyond close looking meeting region
I, myself, am not looking beyond one meeting because I think that we are close enough to the region that is equilibrium.
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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.