Quote by R. A. K. Mason

“To be clear, though, their recommendations will come later and have no bearing on decisions we make in the current policy conjuncture.”

“In the same spirit, we should receive the full range of ideas on matters that may inform the Fed's monetary policy decisions.”

“In other words, we must interrogate reality to make sure we are not setting forward-looking policy based on stale or inaccurate data.”

“Bringing inflation back to target, first and most importantly, is critical to achieving the dual mandate that Congress assigned to the Fed.”