Paul A. Volcker Quotes

Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.

The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.

Domestic inflation reflects domestic monetary policy.

People forget how difficult it is to stop inflation or get it under control… I worry about it all the time.

You have to change people’s minds to stop inflation.

Let's turn inflation over to the post office. That'll slow it down.

The natural tendency of the state is inflation.

Whip Inflation Now

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.

The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

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.

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

A good monetary policy follows inflationary expectations and not historical numbers.

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I'm concerned, he's public enemy No. 1. We're never going to have a recovery while this guy's in charge.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

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.

There's no such thing as a painless cure for inflation.

Having a little inflation is like being a little bit pregnant.

If by carelessness in controlling inflation and imposing controls on our general economy we are unable to meet these temporary but vital calls upon us, we will be courting real disaster.

Nothing so weakens governments as persistent inflation.

Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.

The higher interest and higher inflation is a vicious cycle.

Americans have seen the value of the dollar slowly decline due to the steady erosion of inflation.

The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.