Quotes About Strategy

did a poor job of measuring and managing the risks they were taking on.

pushing banks to limit their risks in this area. Though

Part of this game is confidence, and looking clueless and uncertain doesn't help.

It usually results in better decisions,

A coordinated rate cut presented tricky logistical problems.

I found myself becoming increasingly interested in the policy frameworks that central banks use, and in how those frameworks might be improved.

to respond flexibly to economic developments without the constraint of an announced target.

We—correctly, in hindsight—had resisted raising interest rates.

Our whole strategy was based on finding a buyer,

firms would do what they could to stay away.

Janet favored strong action and I suspected that Sarah would, too, along with Dan Tarullo. Betsy

Don recommended that we wait and see what private-sector solutions might emerge,

At breakfast, Hank and I discussed developments in Europe and agreed to keep in close touch.

and I tried to come up with something we could do to cushion the blow at least a little.

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

His great strength, cultivated over his years in government, was his focus on getting the policy right, whatever the obstacles.

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

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

we were right to stay the course on securities purchases.

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.

Lewis persuaded his board to go through with the merger,

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

We were still months away from stability, but, together with the steps taken abroad, a coherent and powerful strategy was finally taking shape.

We needed a more comprehensive solution to the crisis,