It will be in the interest of future Fed chairmen to commit to pursue policy regularities that work well
William Poole
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.
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I see no reason why we should not see a similarly benign inflation outcome this year
reason inflation
It is highly desirable that policy practice be formalized to the maximum possible extent
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work future interest
We don't have any schedule in front of us.
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
responsibility stability economy situation inflation driving
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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It is quite clear that the markets understand Fed policy to a much better extent than before.
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The market has a high degree of confidence the Fed will avoid
confidence market
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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