Price Stability Quotes & Sayings

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

We will work to bring an element of stability to the price of oil. — Olusegun Obasanjo

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

Belize, with the help of God and the support of its people, will stand upright and will do its duty and help bring peace, stability and prosperity to our region and to wider circles of our planet Earth. — George Cadle Price

Social stability comes at the price of wearing a mask, of learning to distance ourselves from our unique nature, from our personal desires, needs, and feelings; instead, we embrace a socially acceptable self. — Frederic Laloux

Alterations in real prices occur slowly as a rule. But this stability of prices has its cause in the stability of the price-determinants, not in the Law of Price-determination itself. Prices change slowly because the subjective valuations of human beings change slowly. Human needs, and human opinions as to the suitability of goods for satisfying those needs, are no more liable to frequent and sudden changes than are the stocks of goods available for consumption, or the manner of their social distribution; — Ludwig Von Mises

The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress. — Janet Yellen

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

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself. — Ben Bernanke

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

If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth. — Martin Feldstein

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

If climate change issues are not adequately addressed - if we keep running those nice energy subsidies, if the price on carbon is not adequately set, if policymakers don't have it on their radar screens - then financial stability in the medium and long-term is clearly at stake. — Christine Lagarde

When numbers are substituted for morality, and no individual can claim a right, but any gang can assert any desire whatever, when compromise is the only policy expected of those in power, and the preservation of the moment's "stability," of peace at any price, is their only goal - the winner, necessarily, is whoever presents the most unjust and irrational demands; the system serves as an open invitation to do so. — Ayn Rand

The Fed needs an approach that consolidates the gains of the Greenspan years and ensures that those successful policies will continue - even if future Fed chairmen are less skillful or less committed to price stability than Mr. Greenspan has been. — Ben Bernanke

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

The Federal Reserve's objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work. — Janet Yellen

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

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