Quotes About Influence

I had many teachers whom I remember gratefully. In

Hank must have been convincing, because Mudd and Syron didn't resist.

Whenever rules or guidance threatened the interests of favored groups, political pressure followed.

But I quickly learned that, in both the public and private spheres, how you lead is as important as what you know.

Paul still carried considerable influence in policy circles,

could have a stronger effect on the U.S. and global economies than if we acted alone.

and in fact lacked the authority to do so,

I didn't want to influence his choice too much, since my support for any one candidate could easily be misrepresented as opposition to another.

but I had learned an important lesson about the power that my words now carried.

The reality that small changes in the phrasing of the FOMC's statement could have important effects on policy expectations sometimes led us to spend what seemed like an inordinate amount of time on the choice of a single word.

But I knew that we would need to do more to get our message across.

The leadership of the Fed (especially the Chairman) must get aggressive.

instead. But Obama had made up his mind and pressed Tim to accept, which he eventually did.

would ask me what state I was the governor of.

that Greenspan opposed it, "so I didn't really pursue it.

Lewis persuaded his board to go through with the merger,

For me, one of the most important developments in Europe was a change in the leadership of the European Central Bank.

and by using the media and lobbying on Capitol Hill, she persuaded (mostly Democratic) legislators to endorse her plan

He was highly respected in Europe and around the world.

These longer-term rates are not under the Fed's direct control. Instead, they are set by participants in financial markets.

sat to my left.

usually drafted with the help of Don

The media and politicians rarely pay attention to statements by economists, but unfortunately they do if the statements are sufficiently controversial (in the case of the media) or support preconceived views (in the case of politicians).

He spoke with expertise, but perhaps also from a perspective influenced by his post-Fed positions.