Quotes About Ben

Jay expressed his concerns mostly within the Fed, as did Betsy. Sandy,

King gave me an important piece of information: He

That dynamic would doom our efforts to failure.

Perhaps my low-key approach hurt us politically, but I was not comfortable proceeding in any other way.

and I didn't expect any meaningful economic damage.

the requirement also limited the interventions available to the Fed.

He has been very resistant" to capital injection,

our purchases would prove highly profitable for taxpayers.

At FOMC meeting breaks he would inhale doughnuts, but nevertheless remained slim.)

presidents were particularly alarmed at the prospect of losing bank supervision duties

I also pressed the issue at congressional hearings.

With Don's and my arrival, the Board was at full strength, with all seven seats filled.

something that I had been advocating since I arrived at the Fed in 2002. In

and stood ready to serve as a lender of last resort if needed.

Her instincts were too populist for us to see eye to eye on policy, however,

with the intent of ultimately seizing their homes);

that a program of this size and importance should be undertaken with FOMC approval,

By March 2010, we would phase out the auctions completely.

but acknowledged his opposition to the idea.

Greenspan was known for his economic forecasting skills, having run a successful consulting firm,

courtyard. During the crisis I wished more than once that I could skip the office and sit with them for the day.

In an email, he recapped a particularly gloomy presentation by Martin

bottom-up style of forecasting. He

In truth, she had far more experience in Fed policymaking than I had had on taking office.