From the peak in 2007 to the trough in 2009, Americans lost $11 trillion of net worth for households and businesses. Charles L. Evans More Quotes by Charles L. Evans More Quotes From Charles L. Evans 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 need risk management time In a world of global competition and new technology, I think competition is coming from new places. Charles L. Evans think competition technology world It's a challenge for monetary policy to communicate that our inflation objective is 2 percent. Charles L. Evans challenge percent inflation policy 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 tried think inflation time 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 back tough hero time I often will state things strongly if I think that it's important. Charles L. Evans will things think important 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 doing bad know situation 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 nobody fighting people way Central bankers tend to be conservative by nature. Charles L. Evans central conservative nature bankers If the national economy improves, Chicago will improve. Charles L. Evans improve will economy chicago I believe that the history of Fed policymaking is that, you know, there are times when we need to raise rates. Charles L. Evans know you believe history 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 value down go way 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 day me time long 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 slow back great moving Negative interest rates have been employed by many, many central banks. Charles L. Evans been many interest negative 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 think single information way 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 treat you money hot 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 look you strong world I don't think Keynesian Monetarism has to be Democrat or Republican. Charles L. Evans think democrat republican
