Last quote by John Williams
John Williams quotes
It makes sense, I would say, to ease off on the gas a bit. We do want to run a hot economy for a while (but) we dont want it to be too hot for too long.
Having that independence is very important.
It's just the opposite: My aim is to keep it on a sound footing so that it can be sustained for a long time.
I think she's just the right person to get the right balance going forward.
I know she fully understands the arguments on both sides.
An easy way to convince markets of something is by doing it.
It is getting harder and harder to justify interest rates being so incredibly low given where the U.S. economy is and where it is going. I would support an interest rate increase. I think that the economy can handle that. I don't think that would stall, slow or derail the economic expansion.
My worry is very much that if you try to, in a way, get greedy and say, Let's see how low this will go,' you set in motion a process that causes the economy to go in reverse. There are risks to pushing things too far.
Time is not on our side.
It's not about trying to stop the economy from growing. We're going to keep this economy growing, we are going to run it hot.
As the economy gets closer to its goals, we can again pull our foot off the gas a bit and hopefully execute a nice, soft landing over the next couple of years.
It makes sense, assuming the data continue to support that, to raise rates again this year.
I am enormously grateful, as all composers are, to film, for giving us the broadest possible audience worldwide that any composer has ever enjoyed. Tomorrow morning when I'm back at work, I'll try to deserve all this.
Over the rest of the year two or maybe three rate increases, maybe one or two more (than that) next year so maybe three or four next year - I think that's still about right.
We're not quite where I'd like us to be, but recent developments have been very encouraging and add to my confidence that we're on course to reach our (inflation) goal.
Others' economic fates do not spell our own. My view is essentially, let's just stay on track. Let's not get sidelined by the noise and distraction commentary can sometimes cause.
I don't see a looming global crisis.
I am not going to opine whether we should have one fewer (rate hike) or the same as before. It is really just the tactics, how many rate increases this year versus next year. It's not a fundamentally different view of the economy.
We are not very good as economists or forecasters at assessing risks.
Standard monetary policy strategy says a little less inflation, maybe a little less growth ... argue for just a smidgen slower process of normalizing rates.
I don't need to see anything more than what I see as baseline forecast.
This was the right move because the economic outlook is good.
In terms of those developments ricocheting into the U.S. economy, I think we have really really strong fundamentals, in terms of consumer spending, in terms of our economic trajectory, so right now at least this isn't a big concern for me.
Over the next couple of years, we are going to need significant monetary accommodation, a very gradual pace of rate increases, to keep our economy on this 2, 2.25 percent growth path, given the headwinds we are facing especially from abroad.
The shift is happening quickly.