Monetary Quotations | Page 4

Although we do not think that the inflation outlook justifies further rate cuts at this point, past experience shows that developments in the real economy can influence monetary policy decisions.

Although it's not particularly good news for the housing market, the fact that you're seeing weakness here shows that monetary policy is working and the (Fed) would not have to blunt the economy with more hikes than the market has been anticipating.

The yen's strength is a shackle for the central bank that keeps it from shifting monetary policy. There's a risk bond yields will decline in the long run.

The yen failed to draw follow-through buying, as the market has now fully priced in the likely end of the five-year super-loose monetary policy at next week's (policy board) meeting.

The yen did not strengthen in light of the end of the ultra-loose monetary policy which provided comfort to market players.

There was speculation more members would vote for a shift in monetary policy. The bank decided to keep policy with a 7-2 majority and that will make people feel comfortable purchasing bonds.

There was yen strength on the anticipation the Bank of Japan could be changing its monetary policy. Those expectations have been curbed.

The report suggests we're one step closer to the Bank of Japan's exit from its current loose monetary policy. That's negative for Japanese government bonds.

The report gave a reason to buy back the yen. An end of the easing monetary policy is just a matter of timing.

There's a lot more hay in our area than a few years ago. But I don't know if it's feasible for us to truck hay down there because of the extremely high cost of freight today. For us, monetary donations would be as effective as anything.

There may be some comments or text which will offer Fed views on the recent soft economic data and monetary policy.

This lessens the possibility that the Federal Reserve will tighten monetary policy again at their next meeting. One more increase was probably built into the market, so it's now being taken out of the market. That drove bond prices higher, and, with yields coming down, makes stock prices more attractive.

This left orders in the fourth quarter up an impressive 4.1% quarter-on-quarter and points to strong capital spending in the early months of 2006, which will likely make the Bank of Japan that much more confident that the time is approaching to start removing its ultra-easy monetary policy.

This just happens to be a fresh attempt to bring in some of the icons of the young and the apolitical and to get them into the whole debate on joining the economic and monetary union.

They really have not eased monetary policy, and fiscal policy looks to be an unattractive option due to concern over the deficit. Massive public works projects have created highways to nowhere and the cementing over of the bottoms of goldfish ponds.

They're rare as hens teeth and quite valuable, ... But we prefer to think of it as rare, and not the monetary value.

They're adding to the intellectual firepower of the board of governors in terms of regulatory and financial markets issues, but initially they won't be important players in the monetary policy front.

There's concern about demand for new five-year notes as signs of economic recovery raised speculation an end of easy monetary policy will come sooner than later next year. Japan avoided political chaos with Koizumi's strong victory, which provides a fair wind to stocks and a recovery scenario.

As so often happens in these types of cases ... once they realize there is monetary gain, they extort money.

A strong inflation figure will heighten speculation the Bank of Japan will change its easy monetary policy from the spring, encouraging buying of the yen.

A strong CPI number would certainly back up many players' expectations for a monetary policy change in April. Considering the high number of yen-short positions, there are risks for yen appreciation in the near term.

All prizes are monetary and range from $10 to $750.

A backdrop of monetary tightening, high commodity prices, robust productivity growth and buoyant activity will continue to offer support to the peso.

A BBB/Javelin study found that identity theft victims who discovered the crime through electronic means averaged a smaller monetary loss than those who found the theft on their paper statements. By contrast, consumers who rely on paper statements might have to wait days or even weeks, depending on the statement cycle, before learning that a theft had occurred, increasing the chance that larger sums could be stolen.

According to all criteria, our monetary policy by no means is too restrictive, ... The danger of an overreaction of the ECB certainly does not exist. We always act on the basis of thorough considerations.

A catalyst for a higher Australian dollar versus New Zealand's dollar could be relative monetary policy. We expect the Reserve Bank of Australia to lift rates toward the end of the year and early next, while we expect New Zealand's economy to slow sharply next year.

It's extremely important. I think it's going to have an important bearing on what the Fed decides to do with its monetary policy.

It seems the Fed is moving toward putting even more emphasis on economic data when deciding how to act on monetary policy.

It was the Greenspan-Kohn monetary policy, and the dash is perfectly legitimate,

It is very doubtful the 10-year yield reflects the outlook the central bank will soon change monetary policy. It is hard for investors to buy debt when the economy has strong growth momentum.

It is the best monetary policy regime we have experienced and the best one available.

It reminds me of PIO, or pilot induced oscillation, a lag in the plane's response to a pilot moving the stick, ... You push the stick down and the plane doesn't go down right away, so you push it down more, and then it really starts to fall. The same thing happens in monetary policy if you have gradualism in interest rates.

It really is the height of irresponsibility, and it appears to be a calculated effort to mislead people for personal monetary gain,

It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role.

It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans.

It's not necessarily a monetary thing, but it's a support group.

It's not my concern to make a commercial pop record. I want to make a record of music that I would listen to, that is lyrically rich and has songs that people can relate to - more along the Jakob Dylan route: people who create for the art of it and not necessarily the monetary rewards of it.

It's nothing of any great monetary value, but of historical significance. It's the sort of thing that sailors and officers would have worked with every day.

For many of these collectibles, the sentimental value far overshadows the monetary value of the item. People want to preserve the memory of their experience, as well as their financial investment.

for as long as the Federal Reserve maintains its current course of monetary policy.

It's the hardest type of thing for monetary policy. There's no right answer. You're going to have to make something worse.

It may be that low rates are not the only help the economy needs. But we could be in even rougher shape without monetary ease, and 80 percent of what the Fed's already given us is behind us. We could use another dose.

It may be that low rates are not the only help the economy needs, ... But we could be in even rougher shape without monetary ease, and 80 percent of what the Fed's already given us is behind us. We could use another dose.

It's risky just to sit back and wait for inflation to show up before we do something, ... One point arguing for monetary restraint is that we seem to have reached a stage where inflation is no longer falling.

Don't ask for monetary policy to perform tricks it cannot deliver,

Don stepped into a world where monetary operations were broken,

Considering the amount of time, effort and resources clubs put into nurturing junior talent, it is high time that the transfer payment concept was looked at very seriously. It is time for clubs to get some monetary reward for producing Super 14 representatives and Wallabies.

The OECD, World Bank and International Monetary Fund have been very effective in identifying standards. But the problem is that they don't have the means, through sanctions or through incentives, to really encourage companies to adhere.

Even without an increase in inflation expectations, it will take appropriate monetary policy to keep inflation well contained,

It's not going to affect monetary policy. The Fed is forward looking. The change is at the low end of expectations. At the margins, it may affect investors by refocusing on inflation. They are already concerned about oil prices.

Strong December durable goods and the upward revision to November show that perhaps there isn't enough monetary restraint after all.

The Bank of Japan will try its best not to cause any opposition from the government about a shift in monetary policy.

The Bank of Japan is not going to be changing its monetary policy before the fiscal year end on March 31. As corporations close down their books, they don't want any pronounced movements in the dollar-yen rate.

The Bank Negara meeting today (Jan 20) could be a key event. They may wait to hike rates but core inflation is rising and the market is demanding more monetary tightening.

The auction was better than I expected and showed solid demand for the debt. The note has priced in speculation the central bank will shift monetary policy and the move was too excessive.

It's definitely having an effect .... Foreigners are likely worried about the Bank of Japan eventually ending its super-easy monetary policy. Also some companies did down downgrade their profit forecasts and there are those investors who now see Japanese stocks as overvalued.

It's a myth to suggest it's just a monetary issue,

It's very symbolic. It indicates that monetary policy is back to normal and investors are discounting possible future rate hikes.

It will take appropriate monetary policy to keep inflation and inflation expectations well contained. For me, at this time, such policy likely entails further removal of policy accommodation,

They could have waited, but they're trying to give us a signal that they're more than just vigilant -- that they're actively seeking to ease monetary policy.

The wake of Hurricane Katrina seems set to keep traders on edge ... and once again a break higher seems unlikely unless we see a change of tune from the FOMC (Federal Open Market Committee) with regard to monetary policy. Friday's Michigan sentiment figure may yet hold a degree of concern. Some forecasts are putting this number as low as 82 and so long as high fuel prices are with us, action may be required to ensure that domestic expansion can be maintained as we move towards the year end.

The U.S. economy has yet to show convincing signs of a bottom but that doesn't mean monetary policy isn't working. We continue to look for a strong economic rebound by the fourth quarter.

The US currency has come under pressure on speculation of a pause in the US monetary tightening cycle together with the increase in the US current account deficit, which the market usually shrugs off.

There's suddenly this new possibility that the Fed will tighten monetary policy again. Most people were going on the assumption that that was not going to happen.

There was a risk he would make more hawkish comments. He reaffirmed that even if the Bank of Japan ends its easy monetary policy it probably won't be increasing interest rates anytime soon.

After the October monetary policy we hoped to see improved production. We are still trying to understand the outcome of the recent moves but our fear is that the changes will create a situation where the exchange rate remains fixed for long periods. If that happens production will be affected.

The Fed is struggling to find a firmer standard of monetary policy, ... The focus on asset prices has become an increasing issue of debate at the Fed.

The Fed is now explicitly conducting monetary policy with the aim of supporting stock prices,

The Fed is closer to moving to a pause in monetary policy. We've turned more bearish on the dollar.

The Fed has been on 'autopilot' with its monetary tightening so that even bouts of weaker data, such as we saw after hurricane Katrina, failed to divert the Fed off course. But now, following the minutes of the December meeting, it is clear that policy will become more data dependent.

The Fed will have to take rates beyond neutral to a somewhat restrictive pace. Today's data totally supports that view of the world and should...eliminate any doubts about the near-term course of monetary policy.

The Fed still thinks short-term interest rates are low enough to be pushing the economy so they are continuing to remove monetary stimulus at a pace that is likely to be measured.

The Fed's announced an endgame for monetary policy.

The fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols... Very happy. Very good for the Fed. Congratulations, Mr. Bernanke.

The Fed cut rates back in November as a growth insurance policy, and here we are, four months later, and employment is still declining. This is an important statement to makers of monetary policy -- you need to come in here and do something to get an extra insurance policy.

The Fed Challenge is a great way for students to learn about monetary economics outside of a classroom.

The Fed and the ECB view monetary data completely differently. The emphasis the ECB places on this analysis is a little excessive. If we were in charge of interest- rate policy, we would keep them on hold.

The fear here is the economy is overheating. And this points to a Federal Reserve with a much tighter monetary policy.

The consumer price index rise was very modest. It suggests, as I think many of us have been forecasting, that inflation is in the process of moderating. The good news is investors can feel somewhat more comfortable about monetary policy.

I'm going to talk and plead with them, ... We're not trying to cause any undue monetary problems with the city or the parish, but if it goes like I feel it will, we'll need additional animal control officers and specialists.

Inflation was rising (in 1987, but) it's very low and steady now, ... Overall, both monetary and fiscal policy are steadier.

Inflation is still higher than nominal interest rates, and this is a clear sign that monetary conditions are highly accommodative in Malaysia and the need for interest rates to return to a neutral level.

Inflation is not even a remote risk in the U.S.. Because inflation is so low, monetary policy can afford to be patient to be sure that the recovery is sustained.

Inflation is not an issue right now. However, it could be in the future. The Fed will begin to worry about inflation because monetary policy affects the inflation rate with a lag of as much as 18 months to two years, so they need to worry about it now.

Inflation is going to remain in the top half of the target range and (it's) all very consistent with monetary policy needing to remain relatively tight for some time,

Inflation fears, monetary policy around the globe is changing and investors' sentiment toward owning gold has improved -- and that continues to spark demand.

Inflation currently is near the upper end of the range that I feel is consistent with price stability. As such, I believe monetary policy must be vigilant.

Inflation can't be controlled through price agreements or price controls. The only way to control it is with a stronger monetary policy.

Increasing concern about the direction of monetary policy is a minus for the stock market. A stronger yen against the dollar also negatively affects exporters.

indicating this may be the last change in monetary policy for a while.

Indeed, I would argue that, in situations of considerable slack, growth that is generated solely by increased productivity, and that is unaccompanied by substantial employment growth, may possibly require monetary ease, rather than monetary tightening, in the short run.

Initially, we've always strongly objected to any retailer having the coins before it's been put through the monetary system. As one of my favorite bankers said, these U.S. coins aren't Beanie Babies. It's the U.S. monetary system. There are rules and procedures that have to be followed.

If one only concentrated upon monetary policy, one could rationally conclude that both stocks and bonds would be crushed.

Industrial activity may moderate this year but will still remain strong. Monetary tightening by the central bank has raised concerns about the growth outlook.

In a matter of years, not decades, the euro will move up alongside the dollar in a bipolar global monetary framework.

If the prime minister of Pakistan does not test, he is viewed within the country as selling out national security for Uncle Sam and the International Monetary Fund. And if he does test, then the country's economic straits, which are very severe ... will grow worse.

If the recent trends of muted wage inflation, deteriorating employment and industrial recession persist, we would expect the current downside monetary policy bias to translate into a cut in base rates. Our forecast is for one more quarter point reduction, in May.

If the new oil price assumption leads to an adjustment in wages beyond our expectations for 2006, then there is some basis for reviewing the existing monetary policy.

If productivity growth can stay near 3%, monetary policy can accommodate relatively faster growth without igniting inflation.

If people are depressed and scared, as they have been in Japan, there are limits to monetary policy. It comes down to people making personal decisions.