The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.

Related Quotes

Monetary policy is not a panacea.

— Ben Bernanke

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There has to be some predictability in monetary policy for the sake of everyone's economic activities.

— Kaoru Yosano

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Domestic inflation reflects domestic monetary policy.

— Martin Feldstein

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

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When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.

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