Michael Moskow Monetary Quotations

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

It is appropriate to maintain an accommodative monetary policy stance, in order to provide some insurance against unwelcome disinflation,

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

It will take appropriate monetary policy to keep inflation and inflation expectations well contained. For me, at this time, such policy likely entails further removal of policy accommodation,

Inflation currently is near the upper end of the range that I feel is consistent with price stability. As such, I believe monetary policy must be vigilant.