“Thus political interference in monetary policy can generate undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation”
“He said that despite increases in inflation a few years ago and declines in inflation now, inflation expectations in the US had been 'remarkably stable'”
“Such gains may be popular at first, and thus helpful in an election campaign, but they are not sustainable and soon evaporate, leaving behind inflationary pressures that worsen the economy's long-ter…”
