14 Quotes by Roger Ferguson

Inflation expectations that are well anchored provide policy-makers much greater flexibility to respond as unexpected events unfold in financial markets,

Clearly, the immediate impact of the events of Sept. 11 was negative -- from disrupted sales, air travel and production, not to mention the effect on the attitudes and expectations of consumers and businesses,

You can't have a crummy game and win like you could in other sports, because it's all up to you. There is a saying in wrestling, ' If it is to be, it's up to me'. It takes a lot of guts to take on that responsibility and scrutiny.

The household saving rate has fallen to less than 1 percent, quite low in its range of historical variation, ... If households, on net, take steps to return the saving rate closer to the middle of that range, which, I might add, would provide welcome support to capital accumulation, then a sustained period in which consumption grows more slowly than income would result.

The challenge is to find the right balance.