Zitat des Tages von Charles L. Evans:
Paul Volcker is a tremendous hero with the Federal Reserve system and for the American economy. He took very tough actions and helped to break the back of double-digit inflation at a time when it had to be done.
From the peak in 2007 to the trough in 2009, Americans lost $11 trillion of net worth for households and businesses.
There is nobody who would want, in any way, to lose what Paul Volcker won for the American people by fighting inflation and achieving price stability.
When inflation begins to rise, that's a situation we know how to deal with. When the economy is not doing well, and we're stuck at zero, that's one we don't know so much about - or we know about it that it's bad.
It's a challenge for monetary policy to communicate that our inflation objective is 2 percent.
I often will state things strongly if I think that it's important.
When capital comes into our own countries, it ought to be for, you know, a longer-term investment. If it's extremely short, hot money, we ought to treat it in that way and have type of regulatory policy.
I believe that the history of Fed policymaking is that, you know, there are times when we need to raise rates.
