John W. Snow Quotes

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

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

Production is the only answer to inflation.

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

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

Domestic inflation reflects domestic monetary policy.

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

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.

We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.

To face deflation, you have to have people accepting it and not reacting to it.

The fact is that the economy is really posed for the kind of recovery that people can see and understand.

The Australian economy is resilient, but business and consumer confidence is fragile.

Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core 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.

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

No one single thing that we do will control inflation

Whip Inflation Now

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

It is important to recognise near- and medium-term risks to the inflation outlook.

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.

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

If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.

The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.

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.