Quotes About Economy

That's not the same as, or nearly as bad as, failing to raise the debt ceiling and defaulting on government debt.)

The Federal Reserve, funded by earnings on our securities portfolio, remained open.

I agreed that it would have been better to tie our policy plans more directly to conditions in the economy rather than setting a date.

I know it's hard to think of a $787 billion package as small, but its size must be compared with its objective of helping to arrest the deepest recession in seventy years in a $15 trillion U.S. economy.

much of the effect was offset by spending cuts and tax increases undertaken by state and local governments.

the hawks and doves alike exuded pessimism.

lower long-term interest rates (to stimulate spending and investment) and raise short-term rates (to protect the value of the dollar, supposedly).

Uncertainty can also be bad for the economy as a whole if, for example, firms delay capital investment or hiring until they have more information about their access to foreign suppliers and markets.

while the effect of Treasury purchases would be more broad-based.)

they were growing reluctant to lend,

work and help stave off deflation.

The critics based their argument on the fact that lower interest rates tend to raise prices for assets such as stocks and houses.

part of our mistake in 1998 was a failure to appreciate just how strong the U.S. economy was

which would lead to further weakening in housing,

Ultimately, its program looked similar to ours, both in its emphasis on government bond purchases and in its size relative to the economy.

As it turns out, easier monetary policy tends to affect capital and labor incomes fairly similarly.

had doubts. Short-selling is part of how a healthy market determines prices. A

All this financial turmoil had direct consequences for Main Street America.

Our September rate cut drew the usual mix of praise and criticism.

Each time, the move had proved premature and the bank was forced to reverse itself.

Would it have been better for market confidence to have admitted that we were unable to save Lehman?

to support the flow of credit to households and businesses.

foreclosed homes rarely resell for good prices,

European recovery remained elusive.