William Poole Market Quotations

The market has a high degree of confidence the Fed will avoid

We've been on a course of raising interest rates. The language in the last (Federal Open Market Committee) statement suggests that there was more to come...If we had wanted a different interpretation, we would have said something different,

I have no doubt that both the (policy-setting) FOMC (Federal Open Market Committee) and the market would respond to surprises in core inflation that seem likely to persist and to indicate a developing inflation problem,

I have no doubt that both the FOMC (Federal Open Market Committee) and the market would respond to surprises in core inflation that seem likely to persist and to indicate a developing inflation problem.

From what I know of that situation, markets are handling it very well,

What we need to do is to allow the market ample room to take care of that problem, which the market is in the process of doing,

It is quite clear that the markets understand Fed policy to a much better extent than before.