These are hard decisions, and I certainly feel for the affected employees, ... At the same time, the loan board has a responsibility to taxpayers, and to fostering the long-term health of the airline industry. Given our conclusion that the business plan submitted by the company is financially unsound, I believe it best not to approve the United proposal.

Edward Gramlich

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We have done everything but tell you what our target is ... if you want to look at our past behavior, it's kind of magical. In the last decade (inflation excluding food and energy) has been between 1% to 2%.

— Edward Gramlich

If you want to keep politicians out of the Fed's business, which we do, then we ought to stay out of their business. That's one viewpoint.

— Edward Gramlich

BusinessPoliticians

It never got acrimonious. They're both very reasonable people, they know each other well, they're friends. They have, I think in the scheme of things, a relatively modest disagreement.

— Edward Gramlich

There's no shortage of information. You have to figure out what's important.

— Edward Gramlich

The No. 1 goal of everyone who was there was keeping prices stable.

— Edward Gramlich