Michael Moskow Quotations

Even without an increase in inflation expectations, it will take appropriate monetary policy to keep inflation well contained,

Participants in the markets are working actively to figure out alternative distribution routes and alternative transportation systems to move their products,

I was surprised they wanted to talk about education.

is about as low as the unemployment rate can go on a sustained basis.

We still believe that (there is) excess capacity in the economy,

For me, appropriate policy means that we continue to reduce accommodation and return to a neutral federal funds rate,

History will show Alan Greenspan did an outstanding job. He's just steeped in economics. He knows the data better than probably just about anyone else I know.

There is no evidence the Fed is less effective in monetary policy

If inflation or inflation expectations were to rise persistently, then policy clearly would have to be tightened further,

If inflation expectations did become unhinged, this might require a stronger response,