Elvira Nabiullina Quotes

Whip Inflation Now

Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.

After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

We made a decision that monetary policy will be made by an independent European Central Bank.

Monetary policy is not a panacea.

Monetary policy and fiscal policy are inseparable.

The Fed [Federal Reserve System], whether it likes it or not, is required to provide adequate reserves to the banking system in order for the government to finance its needs, even when that is inflationary.

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.

No one single thing that we do will control inflation

We should be humble about our ability to stimulate the economy with monetary policy.

For the first time the committee [Federal Reserve] was using communication — mere words — as its primary monetary policy tool.

I'm sure Mark Carney is a very clever young man, but I think that the government would be mad to move from inflation targeting to money GDP targeting.

Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.

I'm against using Petrobras to combat inflation.

The FOMC has considerable control over short-term interest rates. We have much less influence over long-term rates, which are set in the marketplace.

The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable - there is financial stability - and that is the role that the central bank plays.

No one thinks of controlling inflation of a continental-sized country by holding back municipal tariffs. Macroeconomic stability cannot be achieved through microeconomic intervention.

There's no hidden secrets going on in the Federal Reserve...

And turns out, it's not Republicans throwing granny off a cliff... It's the Fed!?

In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less.

The government must do all it can to help reduce interest rates for business.

First, I think the science of monetary economics has clearly gotten better.

There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.