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Federal Reserve Quotes
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There’s no hidden secrets going on in the Federal Reserve (Federal Reserve Quotes)
All the Federal Reserve can do is make loans against collateral (Federal Reserve Quotes)
The Federal Reserve bank buys government bonds without one penny (Federal Reserve Quotes)
The Federal Reserve... is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up (Federal Reserve 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 Reserve 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 Reserve Quotes)
The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers. (Federal Reserve Quotes)
It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles. (Federal Reserve Quotes)
If the fiscal cliff occurs, I don’t think the Federal Reserve has the tools to offset that event. (Federal Reserve Quotes)
The Federal Reserve cannot solve all the economy’s problems on its own (Federal Reserve Quotes)
The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used. (Federal Reserve 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 Reserve Quotes)
The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... the European Central Bank has only the first. It has no commitment to keep employment up (Federal Reserve Quotes)
The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank (Federal Reserve Quotes)
Every Congressman, every Senator knows precisely what causes inflation... but can’t, [won’t] support the drastic reforms to stop it [repeal of the Federal Reserve Act] because it could cost him his job (Federal Reserve Quotes)
The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government’s gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We’ve gotten out of control (Federal Reserve Quotes)
A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble (Federal Reserve 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 Reserve Quotes)
The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value (Federal Reserve 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 Reserve 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 Reserve Quotes)
I know this, the Federal Reserve is private and the I.R.S. is screwing us. (Federal Reserve Quotes)
I know the Federal Reserve Bank can continue to print more and more money... but city and state governments cannot. (Federal Reserve Quotes)
Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006. (Federal Reserve Quotes)
Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed. (Federal Reserve 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 Reserve 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 Reserve 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 Reserve Quotes)
Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride. (Federal Reserve 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 Reserve Quotes)