Elvira Nabiullina Quotes

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

There are limits to monetary policy.

I will be the first to say that it is always difficult to get monetary policy just right. But the Fed's analytical prowess is top-notch, and our forecasting record is second to none.

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

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

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.

Interest rates are used to achieve overall economic stability.

Monetary policy is not a panacea.

Monetary policy and fiscal policy are inseparable.

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.

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.

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.

I may be a dreamer, but I think monetary economics should be a hot topic.

The monetary policy committee could either keep rates constant, increase them, or bring them down. There are three options possible compared to when it is accommodative.

As a former economy minister, I can't not think about economic growth. The central bank should also think about this but through its own instruments.

First, I think the science of monetary economics has clearly gotten better.

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.

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

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

Spending time at the Federal Reserve was a good learning opportunity for me. It helped me to understand economic philosophies and polices that I had not previously known about.

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I'm concerned, he's public enemy No. 1. We're never going to have a recovery while this guy's in charge.

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.

Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus, and we've done okay not because of it, but despite it.

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

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.