Price Stability Quotes

• ‎"But that's the price we have to pay for stability. You've got to choose between happiness and what people used to call high art. We've sacrificed the high art.

  Aldous Huxley

  Art, Brave New World, People

  Aldous Huxley (1950). “Brave New World”

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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.

  Ben Bernanke

  Long, Focus, Employment

  "Hearing Regarding Ben Bernanke's Nomination to Be Chairman of the Board of Governors of the Federal Reserve". www.washingtonpost.com. November 15, 2005.

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• Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.

  Ben Bernanke

  Long, Important, Employment

  "Semiannual Monetary Policy Report to the Congress". www.federalreserve.gov. February 15, 2006.

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• Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

  Ben Bernanke

  Growth, Employment, Financial

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• Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

  Toshihiko Fukui

  Japan, Years, Long

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• We will work to bring an element of stability to the price of oil.

  Olusegun Obasanjo

  Oil, Elements, Stability

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• It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.

  Paul Volcker

  Unique, Gold, Boards

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• The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation.

  Paul Volcker

  Fall, Mean, Years

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• We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

  Alan Greenspan

  Jobs, Real, Bankers

  Alan Greenspan (2008). “The Age of Turbulence: Adventures in a New World”, p.177, Penguin

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