When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.
Sentiment: NEGATIVE
The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.
I continue to think many of the factors holding down inflation are transitory... We want to be careful not to jump to a premature conclusion about what's in store for the U.S. economy.
Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.
Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.
To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.
We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
Inflation was driven by higher labor costs, not higher goods costs. Frankly, I'd love to see a little bit of that. Because I'd love to pay people more. I'd love to see rising wages for everybody.
When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.
Deflation isn't good, and inflation is easier to cure than deflation.
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.