Top 70 Federal Reserve Quotes

Because financially capable consumers ultimately contribute to a stable economic and financial system as well as improve their own financial situations, it’s clear that the Federal Reserve has a significant stake in financial education.

The reason inflation was brought down to manageable levels, by the time of Ronald Reagan’s re-election, was directly attributable to Jimmy Carter’s very courageous act, hiring a Federal Reserve chair, with the charge to induce a recession. That recession was probably the reason he didn’t win a second term.

The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government’s gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We’ve gotten out of control.

America really started to die when the Federal Reserve was founded, and it really started to die in 1971 when the gold backing was taken away from the dollar, and this currency with Ben Bernanke just printing up or counterfeiting as much money as he wants and destroying the economy is really destroying the economy.

In 2008, Goldman Sachs only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.

Well, the chairman of Federal Reserve just made his move to rescue Barack Obama. We’re gonna have QE3. We’re gonna print some more money.

The organization of the government itself is something which we ought to examine in a more self-conscious way – the Federal Reserve and the Treasury and the Securities and Exchange Commission. The mission that each of them has is mainly economic but should be informed by good organizational practices.

I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-’90s. It might have been 1995-’96.

During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions – a development that made it more difficult to stabilize both inflation and employment.

The Congress has tasked the Federal Reserve with achieving stable prices and maximum employment – the dual mandate.

All the Federal Reserve can do is make loans against collateral.

If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We’d have drowned in inflation, or gone bankrupt, decades ago.

The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.

The Federal Reserve places great importance on our relations with the Bundesbank. Few such relationships have been as important, over the decades, in promoting financial stability and prosperity around the world.

Modern conservatism was forged in the crucible of the 1970s inflation crisis, and in the aftermath of the 2008 financial crash many conservatives were convinced that there was nothing the Federal Reserve could do about the vast army of the unemployed without touching off a similar inflationary spiral.

There are few historians who would challenge the fact that the funding of World War I, World War II, the Korean War, and the Vietnam War was accomplished by the Mandrake Mechanism through the Federal Reserve System.

The reason most people don’t express their individuality and actually deny it, is not fear of what prime ministers think of us or the head of the federal reserve, It’s what their families and their friends down at the bar are going to think of them.

As the dollar’s exchange value declines, so will the value of dollar-denominated financial instruments, regardless of how many bonds the Federal Reserve purchases.

The Obama administration’s attempted short-term fixes, even with unprecedented monetary easing by the Federal Reserve, produced average GDP growth of just 2.2% over the past three years, and the consensus outlook appears no better for the year ahead.

The Obama administration’s plan is to have the Federal Reserve regulate banks that might pose a ‘systemic risk’ if they were to fail.

Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.

The biggest issue I have with the CFPB is that I don’t believe that they should be funded out of profits from the Federal Reserve.

Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.

Monetary conditions exert an enormous influence on stock prices. Indeed, the monetary climate – primarily the trend in interest rates and Federal Reserve policy – is the dominant factor in determining the stock market’s major direction.

Alan Greenspan is going to go down in history as one of the worst Federal Reserve chairmen ever.

I go where the revolution is, and the revolution is Ron Paul. Ron Paul is a champion of the Constitution. He’s about getting rid of the Federal Reserve and shrinking federal government.

I like Mitt Romney as a person. I think he’s a dignified person. But I have no common ground on economics. He doesn’t worry about the Federal Reserve. He doesn’t worry about foreign policy. He doesn’t talk about civil liberties, so I would have a hard time to expect him to ever invite me to campaign with him.

The Federal Reserve – all of them – could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger.

When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve… mustered the moral courage to do what was necessary.

It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

There’s nothing the people love more than a Federal Reserve joke.

Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks, and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets.

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

Census data influences decisions made from Main Street to Wall Street, in Congress and with the Federal Reserve. Not to mention, the American people who look to, and trust, the data the government releases on our nation’s unemployment, state of our economy, and health insurance coverage.

There are congressmen in our congregation, judges, federal reserve governors. And there are also people who are homeless and some who are mentally ill. To be able to talk to each of those people is something that I’ve had to learn how to do over the years.

To minimize market uncertainty and achieve the maximum effect of its policies, the Federal Reserve is committed to providing the public as much information as possible about the uses of its balance sheet, plans regarding future uses of its balance sheet, and the criteria on which the relevant decisions are based.

Faith is the black person’s federal reserve system.

Paul Volcker is a tremendous hero with the Federal Reserve system and for the American economy. He took very tough actions and helped to break the back of double-digit inflation at a time when it had to be done.

The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.

The Federal Reserve, the Treasury, all the regulator agencies – if there’s a problem of the financial mechanism in society, the only one to fix it is government. They’ve got a legitimate role.

The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.

I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they’re doing. And so the confidence level of investors is diminishing, in my view.

The Congress has had an uneasy relationship with banks and bankers since Alexander Hamilton. It took the United States until 1913 to set up a central bank. The Federal Reserve earned its hard-won independence over years of effort.