Fernando Haddad 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.

Let's turn inflation over to the post office. That'll slow it down.

Whip Inflation Now

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

By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation.

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

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

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.

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 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.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

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.

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

You have to change people’s minds to stop inflation.

The Fed [Federal Reserve System], whether it likes it or not, is required to provide adequate reserves to the banking system in order for the government to finance its needs, even when that is inflationary.

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

Experience shows that high and unstable inflation can harm growth. A noninflationary macroeconomic policy is, therefore, a prerequisite for rapid development. Control of government borrowing is the crucial element in such a policy. When public borrowing is excessive, governments are soon obliged to finance it by printing money, and rising inflation then follows.

No one single thing that we do will control inflation

The natural tendency of the state is inflation.

The issue is, you're not going to have a lot of inflation showing up when you have no velocity.

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

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

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

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

We have to remember there is not a big printing press in Washington that continually prints money over and over.