People Told Me, When I Was Coming Through The Ranks, That A Mark Of A Great Actor Is One Who Deals With The Period Of Unemployment As Well As They Deal With The Period Of Employment
There Is No Inherent Mechanism In Our Present System Which Can With Certainty Prevent Competitive Sectional Bargaining For Wages From Setting Up A Vicious Spiral Of Rising Prices Under Full Employment.
Unemployment Is Like A Headache Or A High Temperature - Unpleasant And Exhausting But Not Carrying In Itself Any Explanation Of Its Cause.
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.
It Takes About Two And A Half Percent Growth Just To Keep Unemployment Stable.
Achieving Price Stability Is Not Only Important In Itself, It Is Also Central To Attaining The Federal Reserve's Other Mandate Objectives Of Maximum Sustainable Employment And Moderate Long-term Interest Rates.
We’ve Never Had A Decline In House Prices On A Nationwide Basis. So, What I Think What Is More Likely Is That House Prices Will Slow, Maybe Stabilize, Might Slow Consumption Spending A Bit. I Don’t Think It’s Going To Drive The Economy Too Far From Its Full Employment Path, Though.
Our Mission, As Set Forth By The Congress Is A Critical One: To Preserve Price Stability, To Foster Maximum Sustainable Growth In Output And Employment, And To Promote A Stable And Efficient Financial System That Serves All Americans Well And Fairly.
Judges Of Elegance And Taste Consider Themselves As Benefactors To The Human Race, Whilst They Are Really Only The Interrupters Of Their Pleasure ... There Is No Taste Which Deserves The Epithet Good, Unless It Be The Taste For Such Employments Which, To The Pleasure Actually Produced By Them, Conjoin Some Contingent Or Future Utility: There Is No Taste Which Deserves To Be Characterized As Bad, Unless It Be A Taste For Some Occupation Which Has Mischievous Tendency.
Even A Wizard Would Have A Great Deal Of Difficulty Repealing The Economic Law That Higher Minimum Wages Reduce Employment. Since Politicians Are Not Wizards, They Should Not Try.
Increased Wages, Higher Pensions, More Unemployment Insurance, All Are Of No Avail If The Purchasing Power Of Money Falls Faster.
As A Result Of Obamacare, We Are Becoming Something Of A Part-time Employment Country.
