Policies or governmental actions that create uncertainty...are not helpful to recovery.
The results were predictable--incomes grew at the very top, but stagnated for everyone else.
During the crisis and recession, families in the middle and at the bottom were hit particularly hard.
It is very important for there to be a long-term debt requirement.
My own preference would be to be able to proceed to tighten in a prudent and gradual manner...
We clearly want to see continued improvement in the labor market, and we want to do nothing that would threaten that.
Arguably, yes.
So I would push back against the notion that we are unduly affected by the ups and downs of the stock market.
So, of course, there are risks to the recovery of tightening too soon, and we have been highly focused on those risks.
At the same time, inflation is very low, and while we have indicated that a good share of that is for reasons we believe will be transitory....
So like Governor Tarullo, I would be open to a modest increase in the threshold.