For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment. Charles L. Evans More Quotes by Charles L. Evans More Quotes From Charles L. Evans In a world of global competition and new technology, I think competition is coming from new places. Charles L. Evans thinkcompetitiontechnologyworld It's a challenge for monetary policy to communicate that our inflation objective is 2 percent. Charles L. Evans challengepercentinflationpolicy 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. Charles L. Evans triedthinkinflationtime 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. Charles L. Evans backtoughherotime I often will state things strongly if I think that it's important. Charles L. Evans willthingsthinkimportant 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. Charles L. Evans doingbadknowsituation 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. Charles L. Evans nobodyfightingpeopleway From the peak in 2007 to the trough in 2009, Americans lost $11 trillion of net worth for households and businesses. Charles L. Evans netpeakworthlost Central bankers tend to be conservative by nature. Charles L. Evans centralconservativenaturebankers If the national economy improves, Chicago will improve. Charles L. Evans improvewilleconomychicago I believe that the history of Fed policymaking is that, you know, there are times when we need to raise rates. Charles L. Evans knowyoubelievehistory For every company that sees the value of their capital go up, there's another company that has been disrupted, and the value of their capital gets marked down because it's not going to compete in the same way. Charles L. Evans valuedowngoway 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. Charles L. Evans daymetimelong During the slow recovery after the Great Recession, inflation was very low, and it took us a while to get it back moving up. Charles L. Evans slowbackgreatmoving Negative interest rates have been employed by many, many central banks. Charles L. Evans beenmanyinterestnegative I think that sharing information about our economies, the way that the central banks do in Basel and other forums, is quite useful. But it's sharing information. It's not coordinating policy. It's not coordinating a single monetary policy. Charles L. Evans thinksingleinformationway When capital comes into our own countries, it ought to be for, you know, a longer-term investment. If it's extremely short, hot money, we ought to treat it in that way and have type of regulatory policy. Charles L. Evans treatyoumoneyhot 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. Charles L. Evans lookyoustrongworld I don't think Keynesian Monetarism has to be Democrat or Republican. Charles L. Evans thinkdemocratrepublican
