Toshihiko Fukui Quotes

The Fed is totally open.

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.

Whip Inflation Now

I'm sure Mark Carney is a very clever young man, but I think that the government would be mad to move from inflation targeting to money GDP targeting.

After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction.

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

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

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

Monetary policy and fiscal policy are inseparable.

We should be humble about our ability to stimulate the economy with monetary policy.

For the first time the committee [Federal Reserve] was using communication — mere words — as its primary monetary policy tool.

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

I don't want Congress setting monetary policy.

Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.

The only way to ensure that inflation expectations remain safely anchored near the FOMC's target is to keep inflation close to that target on a consistent basis.

No one thinks of controlling inflation of a continental-sized country by holding back municipal tariffs. Macroeconomic stability cannot be achieved through microeconomic intervention.

The government must do all it can to help reduce interest rates for business.

I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.

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

The Fed's ability to raise and lower short-term interest rates is its primary control over the economy.

A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.

The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

We made a decision that monetary policy will be made by an independent European Central Bank.

The phrase 'perception is reality' is overused generally. But perception can be reality in monetary policy. The bond market doesn't act merely on what it sees. It acts on what it expects of the Fed or the government.