Toshihiko Fukui Quotes

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

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

Deflation isn't good, and inflation is easier to cure than deflation.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

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.

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

It was the biggest inflation and the most sustained inflation that the United States had ever had.

I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.

Inflation is the crabgrass in your savings.

I actually think that the economy has got some positives. It's got the market. It's got consumer confidence and it's got banks throwing - I mean central bankers throwing money at it around the world.

Inflation is everywhere and anywhere a monetary phenomenon.

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

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

Whip Inflation Now

The history of the twentieth century - America's century! - has been pretty much a history of rising prices.

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

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

Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.

There's no doubt that decisions made by the leading central banks do affect the global financial markets and, consequently, our situation.

The best measure of inflation is what is happening with commodity prices.

The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation.