Gita Gopinath Quotes

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.

A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.

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

I hope that more Canadians will become interested in in how the inflation rate target affects our purchasing power, our standard of living and therefore our life.

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

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.

During the past two decades, inflation has fallen to a low level in major industrial countries.

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

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.

To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.

Inflation is everywhere and anywhere a monetary phenomenon.

Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighborhood without moving.

The history of interest rates is really the history of inflation. When inflation is high, interest rates are high, and when inflation is low, interest rates are low.

When you get inflation, you get massive distortions of the economy.

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

The natural tendency of the state is inflation.

Under the guise of fighting inflation, COLA actually creates it.

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.

Common man is always benefited by a rate cut.

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.

The best time to make deficit reduction a priority is when the inflation rate and the bond market give you some indication that you are headed for a dangerous inflationary spiral.

Inflation in Russia is primarily related to internal factors.