Quotes About Fed

the requirement also limited the interventions available to the Fed.

I argued that the Fed offered a unique mix of expertise and experience that couldn't be replicated soon, if ever, at a new financial stability agency.

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

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

Tim's departure would be a significant loss to the Fed.

For much of the panic, the Fed alone, with its chewing gum and baling wire, bore the burden of battling the crisis.

I exaggerate only slightly when I tell audiences that, if they are impressed with Congress's management of the federal budget, they should support audit-the-Fed legislation to give Congress the responsibility for making monetary policy as well.

I am glad that we reached out, and not only to explain the Fed's side of the story amid the barrage of negative coverage.

Would routine exams of holding company subsidiaries by the Fed, as Ned had proposed, have made a difference? Probably yes, although the difference might not have been large,

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

might reduce the stigma of borrowing from the Fed.

I worried that the criticism would affect morale within the Fed, so I met with employees to make sure they had the information they needed to respond to questions from friends and neighbors.

Unlike AIG, which had sufficient collateral to back a large loan from the Fed, Lehman had neither a plausible plan to stabilize itself nor sufficient collateral to back a loan of the size needed to prevent its collapse.

We were more likely to see an unfair or inaccurate story from journalists who did not usually cover the Fed and were, consequently, less well informed.

A few news articles noted that the bill largely reflected regulations that the Fed had already adopted, but for the most part our contributions were ignored.

the Fed had only limited ability to help homeowners in trouble.

the increasing hostility of Republicans to the Fed and to me personally troubled me,

He told me that the Fed should do what it believed necessary.

In Hank's proposal, this broad role would fall to the Fed,

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

markets didn't have enough examples of Fed behavior in similar circumstances.

Making politically unpopular decisions for the long-run benefit of the country is the reason the Fed exists as a politically independent central bank. It was created for precisely this purpose: to do what must be done—what others cannot or will not do.

The pace was much faster than at the Fed.

What he had was unqualified support from heavy hitters including former Treasury secretaries Larry Summers and Bob Rubin, as well as the chairman of the New York Fed's board—Pete Peterson, a former commerce secretary under