Account Quote by Janet Yellen

Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and…

— Janet Yellen

Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation…

— Janet Yellen

Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead…

— Ludwig von Mises

Inflation is a monetary phenomenon. It is made by or stopped by the central bank.

— Milton Friedman

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

— Ludwig von Mises

The two important variables for the policy formulation are projected inflation and the output gap. There is no clear hidebound mathematics that we must…

— Urjit Patel

We have been mandated by the government, backed by legislation, that we have to have an inflation target of about 4%.

— Urjit Patel

Domestic inflation reflects domestic monetary policy.

— Martin Feldstein

The best measure of inflation is what is happening with commodity prices.

— Stephen Moore

The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just…

— Janet Yellen

Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form…

— Walter Wriston

Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control…

— Friedrich August von Hayek