Monetary Quotations | Page 5

If we want a seat at the political table, we really need to be able to have the monetary resources necessary to affect elections.

In the first half of the year, investors really needed to be somewhat divorced from reality. It was not dissimilar to the first half of 2000, where investors ignored valuations. Now, investors have shifted their focus towards the latter half of the year and the idea that we've paid our price; that we'll benefit from monetary and fiscal stimuli working their way into the system. And I think they're right.

Investors may find it difficult to buy Treasuries as future monetary policy is data dependent. The inflation risk remains alive and the indicators ahead will probably support the view that economic growth is continuing.

Investors are thinking the BOJ may change its monetary policy sooner than expected and that's why bonds are falling.

Investors are going be looking carefully at today's retail sales for any sign that consumer spending may be slowing. Oil is also up for a third consecutive day. We know oil is a major concern for the Federal Reserve and elevated oil prices are one of the reasons why the Fed has taken a very aggressive stance on monetary policy.

Investors will probably sell bonds today. Muto's comment and reference to core prices added to speculation the central bank will end the monetary easing policy sooner.

Investors will be reluctant to try (to push shares) higher as they wait for more information on the outlook for US and Japanese monetary policy.

Investors will be intently listening to see if he says anything that clears up what the future monetary path is likely to be,

Investors should prepare for a change in monetary policy. Hold off buying 10-year bonds as yields are going to grind higher.

Investors see the IMF as a policeman who controls good fiscal and monetary policies. When a crisis hits, emergency credit lines from the IMF are what makes emerging market investors more comfortable.

Investors on Wall Street are going to have to learn a lot about these new faces before they feel comfortable. I don't think this means any change in monetary policy but there are new people.

In these circumstances, the FOMC judged that some further firming of monetary policy may be necessary, an assessment with which I concur.

In these circumstances, monetary policy is able to be more patient,

In the mid-term run, an end to the policy is not in itself bad news, as it will bring normalization to monetary policy and signal an end to prolonged deflation.

In the mid-term, an end to the policy is not in itself bad news, as it will bring normalization to monetary policy and signal an end to prolonged deflation.

In terms of monetary policy right now, most people expect the Fed to tighten during the next two or three meetings, but it's foggy beyond that. Greenspan didn't really say much to clarify, either in his comments or in the question period. He was appropriately non-committal, and so there's been little reaction from stocks.

In addition, the market seems to have come to the conclusion that an end to the quantitative monetary policy does not necessarily mean the start of interest rate rises.

I realized there might be monetary or financial reasons to jump in and write a 'Winter's Bone Retriumphs' or something, and nobody would object to me doing that in publishing. But it would be a waste of my time, and they always take a little longer than you thought they would take.

By maintaining an accommodative monetary policy, the CBC (Central Bank of China) has been raising interest rates at a very modest pace, indeed, the slowest among all Asian central banks.

Clearly, the economic fundamentals of monetary and fiscal policies, as well as the falling value of the dollar, support a recovery. What we're not sure of is how strong the recovery is going to be.

Clearly, US monetary policy remains a key influence on the path of the dollar and its fellow majors.

Higher interest rates have been weathered by home buyers through the use of adept home financing techniques. Nevertheless, the resilience in the housing sector will support further monetary tightening by the Fed.

Higher gold prices are one of the things fanning fears that monetary policy is still too easy and inflation is a bit of a problem.

He spoke in detail about some fairly complex issues. The broader plan is to conduct monetary policy based on rigorous economic analysis and hard thinking about the economic concepts that go into the conduct of monetary policy.

Because of fears over an early end to the quantitative monetary easing policy and overrated speculation of subsequent rate increases following the policy shift, we have seen last week yields rise to levels that fully price in a 0.5 percentage point rate hike.

Certainly there is no way to direct the effects of monetary policy at a single class of assets while leaving other financial markets and the broader economy untouched. One might as well try to perform brain surgery with a sledgehammer.

Certainly the move caught us unawares. Obviously, the decision to tighten monetary policy was done to defend the euro, and just as obviously, it has failed.

By most indicators, there were two recessions both pretty mild and pretty strong growth in most of the rest of the time. I think he deserves a grade for monetary policy.

Hong Kong is at the epicenter of U.S. monetary tightening and is fully valued.

If he's true to that perspective, I think we're going to find that monetary policy looks an awful lot like it did under Greenspan for the next several years.

If ever there were any doubts that the (Bank) would this week do anything other than keep interest rates on hold, the December monetary aggregate numbers are likely to dispel the doubts.

I don't think that's particularly out of the ordinary. When you have more severe violations, you're going to see increasing monetary penalties.

I am not sure that the ECB has been anything but pragmatic in the last five years. It is heading for its sixth year of inflation above its 2 percent ceiling and had not tightened credit for five years. If this is monetary orthodoxy, I would be interested to see what the new ECB pragmatism looks like.

I believe it is also important for the Federal Reserve to stay focused on its primary mission for maintaining a neutral monetary policy that is both able to contain inflationary pressures and still-balanced growth,

How long it takes to unwind from all of that, I don't know, but it ought not to be viewed as an objective of monetary policy to try to stabilize price fluctuations of that sort,

I believe he will monitor and implement U.S. monetary policy that will ensure a strong domestic economy and maintain Americas global competitiveness.

For the local economy, it would mean almost immediate inflationary and economic growth risks, and would require a cautious response from the monetary authorities.

Price, taken by itself, is nothing but the monetary expression of value.

Monetary expansion is a massive scheme of hidden redistribution.

Domestic inflation reflects domestic monetary policy.

The market focus is on monetary policy in the US, Japan and Europe.

The lift in pricing intentions to their highest levels since late 2000 represents a clear warning shot. The message is one of pricing pressure and inflation risks. Monetary policy will remain in a restrictive stance.

These inflation effects should fade even if energy prices remain elevated, so long as monetary policy keeps inflation expectations well-anchored.

This has, however, since been replaced by a cycle of higher trending growth, underpinned by record confidence; the lowest consumer interest rates since 1983; almost R89bn in personal income tax cuts since 1995; and generally sound macroeconomic, monetary and fiscal stability.

You can see that dollar/Canada's had trouble going below C$1.15. I think that's a reflection of the fact that the statement was somewhat less hawkish, and traders are less sure about the course of monetary tightening in Canada.

It's hard in a monetary system to trust people.

The ideal scenario for Mexico would be a slowdown in the U.S. economy of 1-2 percent combined with easing in monetary by the Fed, ... Mexican companies may see a slight slowdown in exports to the U.S., but will benefit from a drop in their debt service costs under this scenario.

The euro remains competitive, well below levels witnessed at the start of European monetary union when there was little complaint from manufacturers,

The euro gradually grinded lower as it's becoming increasingly likely that Denmark will opt not to join the EMU (European Monetary Union),

The headline figure was only in line with expectations and therefore it did not have any impact on market perceptions about near-term monetary policy management by the Bank of Japan.

The immediate monetary impact is one thing, but now people are saying we will be paying for this for months and years to come.

The inflation outlook remains very, very comfortable and certainly based on these numbers the Fed should feel very much at ease with current monetary policy.

The increase in bank lending is a sign that the pace of increase in liquidity could grow too fast. That means that the Bank of Japan has got support for ending its super-loose monetary policy.

The improvement in the stock market is allowing the hugely favorable monetary and fiscal environment to do its work -- just as it was in the spring before the stock market melted down,

The IMF (International Monetary Fund) was looking for domestic debt at year-end 2005 to be worth 19.6 percent of GDP. That can now be revised down to about 16 percent.

A good monetary policy follows inflationary expectations and not historical numbers.

You want to make sure that short-term monetary policy isn't responding to a phenomenon that is just going to go away in a few months, or even a year. A change in an interest rate today will have an effect on inflation one to two years from today.

All we're doing is pushing the due date up. (Taxpayers) are not paying for four months extra. It's more of an accounting question than a monetary figure.

All the warning signs that had been detected in recent surveys have come to a head. There is now a deep-seated view that core inflation is on the rise and monetary policy should be tightened. This comes at a time when global growth expectations are already softening.

The economy could get back to an above trend rate this quarter, and that is what will matter to monetary policy makers.

The domestic market view is that Japan's monetary policy will be unchanged at this meeting and there won't be many signals in governor Fukui's speech for foreign investors trying to find some clues.

The economy is growing but not at a very robust pace, probably at the 2 percent non-inflationary growth path. Inflation is very much contained. This is a very good story. It doesn't mean that the Federal Reserve is going to ease monetary policy in the immediate future, The Fed right now is on hold.

The dynamic of the move in stocks is you have an extremely bombed-out market coupled with a central bank that has taken a slightly more adventurous approach to monetary policy. But in overall macro terms, the place is still a complete and utter economic disaster.

The G7 statement clarified Japan's problems --- the out-of-dated tax system (which deters the flow of capital into the stock market) and lack of support from monetary policy to encourage banks to write off their bad loans.

The future path for monetary policy depends critically on at least a flattening out of interest-sensitive spending, ... It is touch-and-go whether the softness in interest-sensitive spending is sufficient to be consistent with the required degree of overall economic slowing.

The combination of fiscal and monetary stimulus right now is the largest I've seen in years. It's good for GDP. If the economy starts to hum, stocks should do well.

The case challenges indiscriminate street stops of young men, and there are two components to the case. The first is to get systemic relief in the form of an injunction to get the police department to change its practices. They've changed a lot of them, but they have not gone the final steps. The other component is to get monetary damages for each of the individuals.

The central bank wants to change monetary policy. Economic sentiment looks bright.

The central bank should steer its monetary policy so that expectations are not fueled too much that the low interest-rate policy will be prolonged.

The committee members believe that the interest rate is too low, pointing to continuing, gradual increases in the rate. The central bank is reducing accommodation, not tightening monetary policy.

The complexity of our economy is such, and the way liquidity flows through the system is such, that you essentially get very complex differences in the way monetary policy plays out, ... But, at the end of the day, it does seem to be effective.

All the indications are that the ECB remains inclined to tighten monetary policy further over the coming months to contain inflationary risks.

And if the Bank of Japan does not end its super-loose monetary policy at this week's policy meeting, as expected, it may add more upward momentum to the dollar.

And if all else were equal ... monetary policy in the affected countries would have to adjust in response: policy would have to act to offset these effects in order to achieve the same impact on the future path of demand and inflation.

The market remains bullish dollars. It's looking to take the dollar to new highs for the year. The overwhelming theme is Fed monetary policy.

The market remains bullish dollars, ... It's looking to take the dollar to new highs for the year. The overwhelming theme is Fed monetary policy.

The market has been adapting in the last few days to the monetary policy adjustment in Europe and to market expectations in terms of when and where is the Fed is going to end its tightening cycle.

The main goals in the conduct of monetary policy after quantitative easing will be to ensure that the ensuing adjustment in the bond market remains orderly.

The jobless rate is the best indicator of monetary policy, ... The Fed keeps cutting rates as long as the jobless rate goes up. This time around is really no exception.

The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profits