Quotes About Economy

might result only in banking activity moving out of the United States to foreign financial centers.

MARKETS SEEMED TO anticipate QE2 and take it in stride.

worried that inflation might develop some momentum.

implying that we had not yet made up our minds whether to end our tightening campaign or to raise rates.

Relative to the enormous size of the mortgage market, the number seemed small to me.

a sign that investors weren't shunning the mortgage securities to the extent that they had been.

Unlike most other countries, the United States had required its banks to meet a minimum leverage ratio before the crisis, albeit at a relatively low level.

thereby supporting the flow of credit to households and businesses.

This is unusual but so are market conditions,

in the aftermath of the Russian debt default.

After all, who knows more about the local economy than a community banker?

him Bear was in danger of not having the cash to meet its obligations

it became a truly deep recession only after the panic reached its peak, in September and October 2008.

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

They flattened out in 2006 but did not decline much initially

They remained basically flat through 2011 before starting to recover.

But, as we couldn't say often enough, we weren't doing this for Citi, its executives, its creditors, or anyone on Wall Street, but in the interest of overall economic and financial stability.

thereby serving as lender of last resort.

Even as the financial panic subsided in 2009, the damage done by the crisis became increasingly apparent.

A quarter of homeowners would owe more on their mortgages than their homes were worth.

The growth, however, had not yet translated into a significant improvement in the job market.

the course of the economy is extremely hard to forecast.

In my own thinking, I tended to emphasize developments in broader economic indicators—the forest rather than the trees—but I appreciated that the chairman's approach could sometimes yield interesting insights that more standard analyses might miss.

The prospect of improvement in the economy was nowhere in sight.