If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
Adi Godrej
A good monetary policy follows inflationary expectations and not historical numbers.
You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
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.
We don't have a major problem right now in our country, and life is normal. Things like unemployment, which the youth are suffering from, and the rate of inflation - these are chronic conditions and we have to solve them.
Akbar Hashemi Rafsanjani
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
Alan Greenspan
The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.
If I finish my term and have inflation down to a single digit, I will be very happy. That's four years of hard work.
Alberto Fernandez
It has been said that the Fed's job is to take the punch bowl away just as the party gets going, raising interest rates when the economy is growing too fast and inflation threatens.
Alex Berenson
I'm just interested in science, and I try to keep track of what's going on and get my head around it - inflation, the multiverse, whatever. It's very hard for me because I don't have a scientific background, and I wasn't any good at science at school, but all of that stuff I just find incredibly attractive and fascinating.
Alex Garland
Entitlements seem to grow with prosperity; not only because they are indexed to inflation or GDP, but also because a prosperous country tells itself it can afford more benefits.
Amity Shlaes
When you have steady inflows and global central banks hell-bent on stoking credit activity and inflation, money will flow into the most attractive areas.
Anthony Scaramucci
The role of monetary policy is to smooth out business cycles by promoting steady inflation and healthy labor markets, but modern central bankers have taken an activist turn.
I feel very uncomfortable with respect to looking at inflation.
Arthur Laffer
I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.
With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.
Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.
The higher interest and higher inflation is a vicious cycle.
Arundhati Bhattacharya
Demonetisation is a disinflationary process. So, this will bring down prices in the long run. It will also help in bringing down interest rates.
Near-zero policy rates that may be considerably expansionary in an economy with high inflation could be contractionary when inflation is too close to zero, or worse, deflation has set in.
Athanasios Orphanides
Inflation is taking up the poverty line, and poverty is not just economic but defined by way of health and education.
And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.
We are a people trying not only to solve the problems of the present: unemployment, inflation... but we are attempting on a larger scale to fulfill the promise of America.
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.
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.
To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.
Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.
If you put tariffs in place, it creates inflation. If you put inflation in place, you have to raise interest rates. You raise interest rates, and stock markets shouldn't be so high.
Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.
If you think about it, it requires a lot of effort and time and energy to make money in the real world, and if they made games equally as difficult to make money in, people wouldn't play them. So they are generally designed to be hyper-inflationary because that's more fun.
This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation.
During the slow recovery after the Great Recession, inflation was very low, and it took us a while to get it back moving up.
There is nobody who would want, in any way, to lose what Paul Volcker won for the American people by fighting inflation and achieving price stability.
It's a challenge for monetary policy to communicate that our inflation objective is 2 percent.
If we were to underrun our inflation objective over a period of time that we tried to increase interest rates, I think that would be worrisome.
Paul Volcker is a tremendous hero with the Federal Reserve system and for the American economy. He took very tough actions and helped to break the back of double-digit inflation at a time when it had to be done.
When inflation begins to rise, that's a situation we know how to deal with. When the economy is not doing well, and we're stuck at zero, that's one we don't know so much about - or we know about it that it's bad.
For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.
At the end of the day, inflation has been below 2% for quite a long time, and to me, symmetry means getting somewhere above 2% inflation at some point in my Fed career.
If you look around the world and see all the different countries struggling to get away from very low inflation rates with economies not nearly as strong as ours, you want to make sure we avoid those circumstances.
Agency by agency, we frequently have lost a bit of ground, at least to inflation-but had it not been for the efforts we've made to educate people about the importance of science, technology and advanced education, those predictions very well might have come true.
I oppose indexing gas tax hikes to inflation.
Production is the only answer to inflation.
Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.
Plutocrats were the chief beneficiaries of so-called neoliberalism and the suite of political changes it brought beginning in the late 1970s - deregulation, weaker protection for unions, the shareholder value movement, and the subsequent inflation of executive compensation.
The Fed has the ability to put money out, it's got the ability to take money back in, and if they don't do that, we will have hyperinflation worse than we had in 1980 and 1981.
I would say to my colleague that the misery index, inflation and unemployment, when added together is the lowest it has been in the last series of Presidents, even going back to Jimmy Carter. So I think the Bush administration is doing a good job.
I work with the macro economy, which involves the major variables that measure the health of the whole economy, such as total consumption, investment, income, employment, and inflation.
