A Quote by Janet Yellen
I continue to think many of the factors holding down inflation are transitory... We want to be careful not to jump to a premature conclusion about what's in store for the U.S. economy.
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Unfortunately, 19th-century scientists were just as ready to jump to the conclusion that any guess about nature was an obvious fact, as were 17th-century sectarians to jump to the conclusion that any guess about Scripture was the obvious explanation . . . . and this clumsy collision of two very impatient forms of ignorance was known as the quarrel of Science and Religion.
Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.
'Black Messiah' is a hell of a name for an album. It can easily be misunderstood. Many will think it's about religion. Some will jump to the conclusion that I'm calling myself a Black Messiah. For me, the title is about all of us. It's about the world. It's about an idea we can all aspire to. We should all aspire to be a Black Messiah.
It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation.
Everyone by now presumably knows about the danger of premature optimization. I think we should be just as worried about premature design - designing too early what a program should do.
I think people were a little premature in writing off violent movies. They're going to continue being made, and audiences will continue going to see them.
I always think of the economy as going down a pretty broad road that has mud on either side - for inflation and deflation. What hurts the market is when we unexpectedly swerve into one of those mud banks.
Now we have a gig economy where many people are holding down several jobs at once. The whole concept of a 40-hour week makes people under 30 laugh.
I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.
The way some papers write about me, you'd think I was some kind of gold digger. The truth is, I've always earned my own money. Before I became a model in Europe, I even worked in a bakery store - for $1.50 an hour. It's a big jump from a bakery store to driving a Mercedes in California, but I'm the same person inside.
So, it's a delicate thing, but at the same time our producers and writers are very much aware of the potential downfall that could ensue so I think they're going to be very careful about how they do that. At the same time I don't think they want to leave the characters in the same holding pattern that they've been in for a while. I think that they're all trying to put the characters in a different situation.
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.
The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game. The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about 'inflation,' for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting 'Stop, thief!' and runs down the street pointing ahead at others.
I couldn't possibly tell you. But I would say be very careful with your suppositions. People are so quick to jump. That's what I love about playing the character. People are so quick to draw conclusions about who he is. The whole thing about Loki is that he's dancing on this liminal line between redemption and destruction. Just be very careful about drawing conclusions based on what you see.
My objection to organized religion is the premature conclusion to ultimate truth that it represents.
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.
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