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...
continue economy inflation rate reason solid stays view
My view is that the economy is on a very solid track. As long as the inflation rate stays where it is there's no reason not to have the economy continue to grow.
central driving economy inflation responsibility situation stability
Maintaining inflation stability is the central responsibility of the central bank. But we don't want to be in the situation of over-reacting and driving the economy down,
benign inflation outcome reason similarly
I see no reason why we should not see a similarly benign inflation outcome this year,
continue economy inflation process risks skewed underlying view
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,
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.
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,
entertainment fine problem spending sports
Jerry, entertainment spending for sports may be a problem in Cleveland, but it is doing just fine in St Louis!
actions difficult experience interpret nuances people personal policy predict press
My personal experience is that I find it exceedingly difficult to predict how people will interpret policy actions and the nuances of the press release.
auto continuing course locked open policy reading responsive
We should not just be on auto pilot, ... Policy is and should be responsive to incoming data. We need to be open to reading that evidence, not just continuing a policy course that we thought we locked in.
meeting point situation unlike year
Unlike the situation a year ago...at this point I very much go meeting by meeting by meeting.
account adjustment current deficit disruptive economic fall future growth hard inevitable likely painful question stability whether
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.
front schedule
We don't have any schedule in front of us.
declines households question suffering
There is no question that many households are suffering declines in real incomes.