Timothy Geithner Quotes

• Most consequential choices involve shades of gray, and some fog is often useful in getting things done

  Timothy Geithner

  Fog, Choices, Done

  46 Copy quote

• Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.

  Timothy Geithner

  Past, Stronger, Shock Absorber

  21 Copy quote

• The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting.

  Timothy Geithner

  Giving, Transition, Doe

  10 Copy quote

• The choice is between which mistake is easier to correct: underdoing it or overdoing it.

  Timothy Geithner

  Mistake, Choices, Easier

  7 Copy quote

• Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.

  Timothy Geithner

  Country, Strong, Independent

  "This Week" with George Stephanopoulos, abcnews.go.com. March 29, 2009.

  58 Copy quote

• We believe in a strong dollar. Chinese financial assets are very safe.

  Timothy Geithner

  Strong, Believe, Chinese

  "Geithner backs strong dlr, says China's assets safe", www.reuters.com. June 1, 2009.

  8 Copy quote

• There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.

  Timothy Geithner

  Government, Long, Waiting

  9 Copy quote

• If you don't try to generate more revenues through tax reform, if you don't ask, you know, the most fortunate Americans to bear a slightly larger burden of the privilege of being an American, then you have to - the only way to achieve fiscal sustainability is through unacceptably deep cuts in benefits for middle class seniors, or unacceptably deep cuts in national security.

  Timothy Geithner

  Senior, Cutting, Class

  7 Copy quote

• The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.

  Timothy Geithner

  Moving, Movement, Path

  7 Copy quote

• Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

  Timothy Geithner

  World, Financial, Modern

  "Geithner's Speech to the Economic Club of Washington" by Timothy Geithner, www.realclearpolitics.com. April 22, 2009.

  62 Copy quote

• As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.

  Timothy Geithner

  Past, Play, Important

  25 Copy quote

• The government can help, but we need to make this transition now to a recovery led by private investment.

  Timothy Geithner

  Recovery, Government, Transition

  "Meet the Press" with David Gregory, www.nbcnews.com. July 25, 2010.

  7 Copy quote

• I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar.

  Timothy Geithner

  Strong, Believe, Important

  "Geithner: We Care About A Strong Dollar, Really" by Joe Weisenthal, www.businessinsider.com. November 11, 2009.

  7 Copy quote

• Monetary policy itself cannot sensibly be directed at reducing imbalances.

  Timothy Geithner

  Imbalance, Reducing, Policy

  29 Copy quote

• We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up.

  Timothy Geithner

  Risk, Regulation, Overwhelmed

  Timothy Geithner's speech at the House Financial Services Committee, March 26, 2009.

  4 Copy quote

• The plausible outcomes range from the gradual and benign to the more precipitous and damaging.

  Timothy Geithner

  Outcomes, Range, Benign

  7 Copy quote

• Financial crises require governments.

  Timothy Geithner

  Government, Financial, Crisis

  8 Copy quote

• And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way.

  Timothy Geithner

  Business, Thinking, America

  "Interview with Treasury Secretary Timothy Geithner on "Meet the Press"". www.realclearpolitics.com. July 25, 2010.

  8 Copy quote

• The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we're prepared to make a commitment today to bring down our future deficits.

  Timothy Geithner

  Hurt, Recovery, Commitment

  "Meet the Press" with David Gregory, www.nbcnews.com. December 12, 2010.

  18 Copy quote

• The rest of the world needs the U.S. economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.

  Timothy Geithner

  Ties, Order, Needs

  "Geithner's Speech to the Economic Club of Washington" by Timothy Geithner, www.realclearpolitics.com. April 22, 2009.

  7 Copy quote

• In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems

  Timothy Geithner

  Risk, May, Today

  6 Copy quote

• Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you want peace or stability, it's better to prepare for war or instability

  Timothy Geithner

  War, Thinking, Want

  8 Copy quote

• This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

  Timothy Geithner

  Business, Typical, Usual

  "Geithner's Speech to the Economic Club of Washington" by Timothy Geithner, www.realclearpolitics.com. April 22, 2009.

  7 Copy quote

• The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.

  Timothy Geithner

  Educational, Commitment, Economic Inequality

  69 Copy quote

You May Also Like:

Barack Obama

Henry Paulson

Lawrence Summers

Ben Bernanke

Jacob Lew

Robert Rubin

Rahm Emanuel

Richard S. Fuld, Jr.