Cost Quote by William Vickrey

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert…

— William Vickrey

“Thus, increases in interest rates matter greatly for the economy as a whole. They not only cause direct reductions in investment spending and interest-sensitive…

— McConnell Campbell

Efforts to promote financial stability through adjustments in interest rates would increase the volatility of inflation and employment. As a result, I believe a…

— Janet Yellen

If we were to underrun our inflation objective over a period of time that we tried to increase interest rates, I think that would…

— Charles L. Evans

There have been times when the Federal Reserve has restricted the money supply and raised interest rates to gain an end, which had much…

— Wright Patman

The higher interest and higher inflation is a vicious cycle.

— Arundhati Bhattacharya

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…

— Ben Bernanke

I think the concern over rising interest rates is ahead of itself because I think inflationary fears themselves might be premature,

— Sung Won Sohn

Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to…

— Janet Yellen

Monetary policy is like juggling six balls... it is not 'interest rate up, interest rate down.' There is the exchange rate, there are long…

— Raghuram Rajan

The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

— Jack Kemp

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest…

— Toshihiko Fukui