Gary Hilton Sternis an American economist and banker. On March 16, 1985, he took office as the eleventh chief executive of the Federal Reserve Bank of Minneapolis, and retired from the position on September 1, 2009... (wikipedia)
We've said we're more data-driven. Personally I think that's fully appropriate.
I don't dismiss the capacity measures. I just don't rely excessively on them.
I don't want rates to go too far. Obviously you don't want to make a series of bad judgments. I don't think that is the case.
I don't think it would be devastating for economic activity. I think it might, on the margin, inhibit it some.
I think the economic outlook is reasonably positive.
We have to ... put more emphasis on the incoming data and the anecdotes we get from the business community and other audiences and try to put together a coherent assessment of the economy.
What I find very amusing is they're still using machines that have not been proven in any court of law. That they are actually reliable in measuring speed.
When you own aircraft outright, you spend a lot more time managing a plane and not conducting your business.
At the end of the day, I think the economy really isn't fragile at all.
At the end of the day, is it really going to matter for an economy of our size?
You don't want to just focus so narrowly on housing prices that you think that is going to be determinative of everything you can conceive of.
In light of the lags between policy actions and their effects, a view of the economy's future performance is critical to decision-making.
I just don't think you can pick a handful of commodities ... and reach a conclusion about inflation.
I don't think starts will be as strong in '06 as they were in the last few years. I don't think sales will be as strong, but I still think the economy will do well.