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 Read Quote
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 Read Quote
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 Read Quote
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 Read Quote
From the peak in 2007 to the trough in 2009, Americans lost $11 trillion of net worth for households and businesses. Charles L. Evans Read Quote
It’s a challenge for monetary policy to communicate that our inflation objective is 2 percent. Charles L. Evans Read Quote
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 Read Quote
