Monetary policy itself cannot sensibly be directed at reducing imbalances.

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The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.

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Any debate among politicians about monetary policy is counterproductive.

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So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls.

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European Central Bank

To Mario Draghi, president of ECB.

In Frankfurt am Main
Monetary policy
Of the eurozone

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Domestic inflation reflects domestic monetary policy.

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We made a decision that monetary policy will be made by an independent European Central Bank.

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That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them.

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The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.

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Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.

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However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

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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.

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As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.

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One thing is obvious: Our policy, which is directed at making the country ungovernable, has started to bear fruit. The process that has been initiated is irreversible.

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Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

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Bush promised a foreign policy of humility and a domestic policy of compassion. He has given us a foreign policy of arrogance and a domestic policy that is cynical, myopic and cruel.

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White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues.

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Benjamin Franklin said there were only two things certain in life: death and taxes. But I'd like to add a third certainty: trash. And while some in this room might want to discuss reducing taxes, I want to talk about reducing trash.

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Foreign policy can mean several things, not only foreign policy in the narrow sense. It can cover foreign policy, relations with the developing world, and enlargement as well.

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I directed before I was even in television; I directed in the theatre for seven years, so that was my trade anyway. But in the UK, I've given up any hope of being considered a director.

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I'd never directed before and this movie's too important to me to put in the hands of some guy who has never directed. Even if it's me.

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