Quotes About The Federal Reserve

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Quotes About The Federal Reserve

In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
— Janet Yellen —

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.

— Ron Paul

It is ironic that the Great Depression was produced by government but was blamed on the private enterprise system. The Federal Reserve System explained in its 1933 annual report how much worse things would have been if the Federal Reserve had not behaved so well, yet the Federal Reserve was the chief culprit in making the depression as deep as it was. So the government produced the depression, the private enterprise system got blamed for it, and there was a tremendous change in attitudes.

— Milton Friedman

Market forces will one day crush the Federal Reserve. One day, the market forces will reverse.

— Marc Faber

Spending time at the Federal Reserve was a good learning opportunity for me. It helped me to understand economic philosophies and polices that I had not previously known about.

— Herman Cain

A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.

— P. J. O'Rourke

The Federal Reserve has the responsibility to protect the credit rights of consumers.

— Bernie Sanders

The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets.

— Bernie Sanders

If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.

— Ben Bernanke

The Federal Reserve is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the international bankers.

— Louis Thomas McFadden

The real estate interests and banks are in a kind of symbiosis. They're the largest-growing part of the economy. This is the sector that backs the political campaigns of senators, presidents and congressmen, and they use this leverage to make sure that their people dominate the Federal Reserve, Treasury and the federal housing agencies.

— Michael Hudson

The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury ... and has created out of nothing a ... debt which the American people are obliged to pay with interest.

— Wright Patman

The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.

— Ron Paul

The Federal Reserve is answerable to no one.

— Ronald Reagan

There is two things that can disrupt business in this country. One is War, and the other is a meeting of the Federal Reserve Bank.

— Will Rogers

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