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...
monetary objective ought policy price takes unwind viewed
How long it takes to unwind from all of that, I don't know, but it ought not to be viewed as an objective of monetary policy to try to stabilize price fluctuations of that sort,
communication doubt
I doubt that the transcript would be a very satisfactory communication vehicle.
clear extent fed markets policy quite understand
It is quite clear that the markets understand Fed policy to a much better extent than before.
aspire clear create policy statements themselves
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,
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,
avoid confidence degree fed high market
The market has a high degree of confidence the Fed will avoid
estimate high higher inflation point risks side skewed upside
I think the inflation risks around the point estimate are skewed to the high side ... I would put a higher probability on an upside surprise,
desirable highly maximum policy possible practice
It is highly desirable that policy practice be formalized to the maximum possible extent,