Roger Ferguson Quotations

She wants to know why this committee continues to focus so much on the style of a man's jacket that was only popular for a few years in the 1960s.

I am encouraged that the NAIC has met two times a year with the European Union since 1999 to address transatlantic issues in insurance.

I have long taken the view that monetary policy should not be aimed at asset prices one way or the other.

Given the persistence of high energy prices that the global economy has confronted of late, policymakers cannot be complacent, ... actively leaning against inflationary pressures long before inflation itself builds.

It is my sense that we have not yet reached bottom, or at the least it is too early to declare we have reached bottom,

probably somewhat ahead of other sectors in recognizing the Year 2000 problem.

This is of concern because it impedes efficient preparations by market participants and may exacerbate negative perceptions in the marketplace, ... Financial institutions should share information in order to strengthen confidence that the Year 2000 challenges are being met in all financial sectors worldwide.

They're very similar. The only difference is in how they're scored.

Although short-run swings in firms' energy costs might be absorbed in their profit margins, a persistent increase is likely to be fully passed on to the consumer,

Inflation expectations that are well anchored provide policy-makers much greater flexibility to respond as unexpected events unfold in financial markets,

Clearly, the immediate impact of the events of Sept. 11 was negative -- from disrupted sales, air travel and production, not to mention the effect on the attitudes and expectations of consumers and businesses,

You can't have a crummy game and win like you could in other sports, because it's all up to you. There is a saying in wrestling, ' If it is to be, it's up to me'. It takes a lot of guts to take on that responsibility and scrutiny.

The household saving rate has fallen to less than 1 percent, quite low in its range of historical variation, ... If households, on net, take steps to return the saving rate closer to the middle of that range, which, I might add, would provide welcome support to capital accumulation, then a sustained period in which consumption grows more slowly than income would result.

The challenge is to find the right balance.