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...
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.
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,
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,
desirable highly maximum policy possible practice
It is highly desirable that policy practice be formalized to the maximum possible extent,
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!
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.
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.
handling markets
From what I know of that situation, markets are handling it very well,