Quotes About Decision-making

I had made a mistake in making the announcement with only informal approval and promised I would follow a more deliberative process in the future.

we were right to stay the course on securities purchases.

The hawks (shorthand for policymakers who tended to worry more about inflation) did not sit at a different table than the doves (policymakers who tended to worry more about growth and employment).

Formulating effective monetary policy requires timely information.

Despite those tensions, the G-7 representatives were determined to work together. Too much was at stake for the group to leave Washington without at least the outlines of a coordinated response.

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

If a means of saving Lehman did exist, given the tools then available, we were not clever enough to think of it during those frenetic days.

You remained determined, open-minded, and creative in your effort to do what was best for the country.

that would simultaneously let investors who had misjudged risk off the hook. Richard

Or was it better to maintain ambiguity, as we did, which suggested we still had the capacity to carry out future interventions? I don't know.

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

with the president having just been reelected, I could expect to be involved in new policy initiatives.

perception shapes priorities, priorities shape people

I think it's ridiculous that kids have to try to decide at eighteen years old what the hell they want to be.

Statesman only talk of fate when they have blundered

Y aunque yo era entonces un chiquillo, recuerdo que pensé lo siguiente: «Un hombre tonto no es capaz de hacer en ningún momento de su vida los disparates que hacen a veces las naciones, dirigidas por centenares de hombres de talento»

You know, many people have said that I'm on the edge and I'm maverick for some of the big operations that I've done. I'm not at all. I pray I ask God to give me wisdom, 'Should I do it?', guidance in terms of how to do it, who to consult with. All those kind of things are incredibly important.

The more extensive a man's knowledge of what has been done, the greater will be his power of knowing what to do.

England is governed not by logic but by parliament.

Pierwsz? najwa?niejsz? kwesti? w ?yciu jest chwytanie okazji. Drug? - zrozumienie, kiedy je odpu?ci?.

I am not unconscious of the persuasive power exerted by these considerations to drag men along in the current but I am not at liberty to travel that road.

Those who govern, having much business on their hands, do not generally like to take the trouble of considering and carrying into execution new projects. The best public measures are therefore seldom adopted from previous wisdom, but forced by the occasion.

In 1736 I lost one of my sons, a fine boy of four years old, by the small-pox, taken in the common way. I long regretted bitterly, and still regret that I had not given it to him by inoculation. This I mention for the sake of parents who omit that operation, on the supposition that they should never forgive themselves if a child died under it; my example showing that the regret may be the same either way, and that, therefore, the safer should be chosen.

All human situations have their inconveniences. We feel those of the present but neither see nor feel those of the future; and hence we often make troublesome changes without amendment, and frequently for the worse.