Rutherford B. Hayes Quotes

Inflation is essentially antidemocratic.

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

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

Any debate among politicians about monetary policy is counterproductive.

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

Monetary policy and fiscal policy are inseparable.

I reject the advice of those who think the only way to fight inflation is to throw millions of people out of work .... I guarantee you that I will not fight inflation with your jobs.

High interest rates are the cruelest taxes of all.

The harsh truth is that if the policy isn’t hurting it isn’t working. I know there is a difficult period ahead but the important thing is that we cannot and must not fudge the determination to stop inflation in its tracks.

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.

Whip Inflation Now

A stable currency and an excessive external debt are incompatible. A similar relation holds as between a country's currency and an excessive internal debt

Finance ministers the world over, responsible for assuring the service of the internal debts by forcing down the standards of living, do not find the matter so simple. They observe that the average man today finds the problem of making both ends meet a serious one. They are well aware that he demands something out of life over and above the bare necessities, and they have a realistic view of the situation created when a government demands this margin in taxes or takes it by inflation.

Every Congressman, every Senator knows precisely what causes inflation...but can't, support the drastic reforms to stop it because it could cost him his job

I'm against using Petrobras to combat inflation.

We have been mandated by the government, backed by legislation, that we have to have an inflation target of about 4%.

The Congress has tasked the Federal Reserve with achieving stable prices and maximum employment - the dual mandate.

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

Simply put, unsustainable debt is helping to keep too many poor countries and poor people in poverty.

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

There's one thing that the Fed has been really good at cracking down on, and that's inflation.

Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.

The Federal Reserve will not monetize the debt.

Inflation is a monetary phenomenon. It is made by or stopped by the central bank.