Monetary Quotes

You want to make sure that short-term monetary policy isn't responding to a phenomenon that is just going to go away in a few months, or even a year. A change in an interest rate today will have an effect on inflation one to two years from today. - Stephen Cecchetti

You look at this and all you can say is, yes, monetary policy remains accommodative, it's not even neutral yet, and interest rates are too low in that they still fuel the speculative purchase of housing activity. - John Lonski

You have guided monetary policy through stock market crashes, wars, terrorist attacks and natural disasters... You have made a great contribution to the prosperity of the U.S. and the nation is in your debt. - Jim Saxton

You can see that dollar/Canada's had trouble going below C$1.15. I think that's a reflection of the fact that the statement was somewhat less hawkish, and traders are less sure about the course of monetary tightening in Canada. - David Powell

Yields won't gain much after the policy shift because the central bank won't keep tightening monetary policy. - Xinyi Lu

Worst world monetary crisis since World War II. - William Hummer

With UK growth remaining weak and below trend, and with inflationary pressures easing, we urge the (Bank of England's) monetary policy committee to consider an early interest rate cut. - David Frost

With the war over, energy prices declining, and fiscal and monetary stimulus already pumped into the system, I'm with Alan Greenspan in expecting that the economy now will begin to perk up. - Bill Cheney