Lyle Gramley Quotes
They recognize the risks to inflation are on the upside because of two factors: the potential for spillover of higher energy prices into core inflation and the tightening of the labor markets. 
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Recognize | Risks | Inflation | Upside | Factors |
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I do think we are getting closing with each passing meeting to the day the release has to be restructured in very significant ways.
- Lyle Gramley
The Fed will be content to sit on the sidelines to await more definitive evidence as to whether inflation is going to be a problem or not... Setting the election aside entirely, the Fed, looking at the incoming data, would say to itself 'right now we don't want to raise interest rates and we don't need to raise interest rates.'
- Lyle Gramley