But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.
John W. Snow

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes

By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation.
Paul A. Volcker

Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation.
Russ Carnahan

Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.
William Vickrey

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
William Vickrey

Domestic inflation reflects domestic monetary policy.
Martin Feldstein

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.
Paul A. Volcker

During the past two decades, inflation has fallen to a low level in major industrial countries.
Toshihiko Fukui

Foreign trade clearly has been a reason why inflation has been low.
Tim Bishop

However, this President sees no problem eliminating funding for Perkins Loans in his budget, even though the cost of tuition is rising and will continue to rise as the administration's policies force inflation.
Tim Bishop

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.
William E. Simon

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
Friedrich August von Hayek

I don't mind going back to daylight saving time. With inflation, the hour will be the only thing I've saved all year.
Victor Borge

I might say that when the settlement was made the Nixon administration issued what they called a second inflation alert in which the General Motors settlement was branded as being inflationary and bad for the country.
Leonard Woodcock

I would say to my colleague that the misery index, inflation and unemployment, when added together is the lowest it has been in the last series of Presidents, even going back to Jimmy Carter. So I think the Bush administration is doing a good job.
Cliff Stearns

I'm a political scientist and I study these things, and I know that economic problems, with the rising unemployment and inflation and low productivity and so forth, were a factor in that election, in that defeat of President Carter.
Jeane Kirkpatrick

If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.
William Vickrey

If we have wealth, it will be protected from inflation and possibly even enhanced in value.
William Greider

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.
Martin Feldstein