I see no reason why we should not see a similarly benign inflation outcome this year,

Our aim is to keep inflation, in general, down. If I had to pick a point, it is to keep these broad measures in a one to two percent range.

Maintaining inflation stability is the central responsibility of the central bank. But we don't want to be in the situation of over-reacting and driving the economy down,

At a minimum, the (Fed's policy panel) can and should aspire to policy statements that are clear and do not themselves create uncertainty and ambiguity,

Inflation has been very soft for a number of years, and there's absolutely no reason to believe that's going to change any time in the near future.

Part of it was just inflation, but a big reason for the increase is we have to bring those two stations up to the 2003 building code, which requires them both to have sprinkler systems. That was something I hadn't budgeted for. When I found out about it, the hair went up on the back of my neck.