Robert J. Shiller Quotes

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.

The Fed's job is not to stall growth or to prevent economic 'overheating.' It is to keep prices stable and the dollar a strong and reliable currency.

There is no risk-free path for monetary policy.

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.

The job of the Central Bank is to worry.

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

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

My gracious, here I am the new chairman ... and I haven't the faintest idea of how you control the money supply. Yet everyone thinks I have it at my fingertips.

Monetary stability is a cornerstone of the social contract.

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

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

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.

Monetary policy should remain data dependent, be well communicated, and ensure that inflation expectations remain anchored.

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

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.

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.

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.

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.

Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.

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.

He who controls the money supply of a nation controls the nation.

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

Interest rates are used to achieve overall economic stability.