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Federal Quotes

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I’m a conservative first, and I believe that, if we do a better job of helping Americans understand what we’re trying to do, to showcase every place in the country that our ideas are working at the state level, that that will help those at the federal level who want to carry those policies.  (Federal Quotes) ...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals  (Federal Quotes) I don’t like local, state or federal level of got mandating anything in our lives , in our families, and in our businesses, unless it comes to saving lives.  (Federal Quotes) The Federal Reserve cannot solve all the economy’s problems on its own  (Federal Quotes) If the fiscal cliff occurs, I don’t think the Federal Reserve has the tools to offset that event.  (Federal Quotes) It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.  (Federal Quotes) The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.  (Federal Quotes) A U.S. dollar is an IOU from the Federal Reserve Bank. It’s a promissory note that doesn’t actually promise anything. It’s not backed by gold or silver.  (Federal Quotes) The Federal Reserve, the Treasury, all the regulator agencies - if there’s a problem of the financial mechanism in society, the only one to fix it is government. They’ve got a legitimate role.  (Federal Quotes) Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.  (Federal Quotes) Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.  (Federal Quotes) If somebody had said to me in June or July of 1987, ‘We’d like you to become chairman of the Federal Reserve, but you’re never allowed to discuss any economics after you leave,’ I’d have said, ‘Forget it.’ What do they want me to do? Become an anthropologist?’  (Federal Quotes) It’s absolutely critical that we audit the Fed so the American people can see what’s going on over there. Do it from top to bottom so that we can have transparency in this entity called the Federal Reserve. Hopefully, the American people will see that we need to go back to the gold standard, which I’ve introduced, and get rid of the Fed.  (Federal Quotes) I know this, the Federal Reserve is private and the I.R.S. is screwing us.  (Federal Quotes) I know the Federal Reserve Bank can continue to print more and more money... but city and state governments cannot.  (Federal Quotes) Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.  (Federal Quotes) We do not interpret bitcoin’s popularity as having a relationship with the public’s view of the Federal Reserve’s conduct of monetary policy  (Federal Quotes) The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.  (Federal Quotes) Food and energy account for a significant portion of household budgets, so the Federal Reserve’s inflation objective is defined in terms of the overall change in consumer prices.  (Federal Quotes) The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.  (Federal Quotes) The Fed’s policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it.  (Federal Quotes) The truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks government at will ...  (Federal Quotes) Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the hyper-inflation cat will be completely out of the bag.  (Federal Quotes) There are a number of institutions globally where the Federal Reserve typically leads the U.S. effort to work with financial regulators from other countries, and we try to, to the extent possible, establish international standards for how - the amount of capital a bank should hold, for example, or how much.  (Federal Quotes) Because financially capable consumers ultimately contribute to a stable economic and financial system as well as improve their own financial situations, it’s clear that the Federal Reserve has a significant stake in financial education.  (Federal Quotes) Transparency concerning the Federal Reserve’s conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve’s commitment to accountability within our democratic system of government.  (Federal Quotes) The reason I am so negative about the Federal Reserve’s policies is that they only target core inflation and argue that they can’t identify bubbles, but when each bubble bursts, they flood the system with liquidity that brings about unintended consequences.  (Federal Quotes) You know, it doesn’t take a genius in the private sector to know that you can save literally hundreds of billions of dollars in federal spending if you can make it more responsive. That’s the main job.  (Federal Quotes) Now, ‘the fiscal cliff’ is a name that the media came up with, but some of us have been saying for years, ‘You have got to stop the out of control federal spending, or you will end up at this point.’ We’re there.  (Federal Quotes) Ultimately, my proposal isn’t intended to increase or decrease the amount of federal spending spent on antipoverty programs.  (Federal Quotes)
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