Quotes About Decision

I decided not to go. I didn't want to compromise the Fed's political independence by getting involved in the details of legislative disputes.

I found the decision hard to understand,

purchases despite his unease.

A few economists weighed in against our decision as well.

The decision would depend on economic developments, especially on the persistence of inflation.

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.

I did not want to risk travel delays, so I took the train the evening before.

With so much still unresolved and with time from the meeting already lost, I did not share much,

which seemed the right decision given what we knew then.

There was also substantial sentiment at the meeting in favor of holding our fire until we had a better sense of how the Lehman situation would play out.

We ran through the options.

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

letting Citi go was not an option.

concerned about the politics and whether Congress would go along, the Bush administration had not yet made the request.

They believed that, given the significance of the decision, I should not have announced the program before the FOMC formally voted.

I recommended that we hold off in spite of market expectations for a reduction.

had been motivated by the need to act quickly, but, on reflection, I decided that they had a point. At

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

Legally, the decision had to be Bank of America's.

Consequently, many viewed the subsequent decision on AIG as an inconsistent reversal, rather than what it was: a different response to different circumstances.

Lewis persuaded his board to go through with the merger,

We wanted to act before we were forced to do so by a run.

Waiting seemed the wiser course.

do not persuade me to drop this option from the playbook altogether,