36 Quotes by William Poole

There is no question that many households are suffering declines in real incomes.

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,

The fact that housing might turn a little bit weak is not a sign that economic growth is at risk, but rather that you have displacement from one sector to a different sector.

We want to make sure that we don't have expectations build of a longer-run problem,

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,

No one knows for certain whether the economy can escape an actual decline in real GDP, but the fact that we have done so to date and that many adjustments are now well along suggests that we have an excellent chance of doing so,

Monetary economists have not yet developed a formal rule that is likely to have better operating properties than the Fed's current practice,

I believe the current account adjustment will be fairly slow and orderly, and that it may not begin for quite some time,

From what I know of that situation, markets are handling it very well,