Monetary Policy Quotes

• During the last campaign I knew what was happening. You know, they mocked me for my foreign policy and they laughed at my monetary policy. No more. No more.

  Ron Paul

  Campaigns, Lasts, Foreign Policy

  "Austan Goolsbee and Ron Paul on "State of the Union"". "State of the Union" with Candy Crowley, www.realclearpolitics.com. June 5, 2011.

  64 Copy quote

  Show source

• It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

  Henry Ford

  Money, Morning, Believe

  86 Copy quote

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

  Timothy Geithner

  Imbalance, Reducing, Policy

  29 Copy quote

• Inflation is always and everywhere a monetary phenomenon.

  Milton Friedman

  Economics, Economist, Phenomenon

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.272, Houghton Mifflin Harcourt

  37 Copy quote

  Show source

• So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls.

  Martin Feldstein

  Thinking, Judgement, Sound

  24 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

• Domestic inflation reflects domestic monetary policy.

  Martin Feldstein

  Inflation, Domestic Policy, Policy

  24 Copy quote

• However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

  Toshihiko Fukui

  Zero, Perception, Should

  24 Copy quote

• We made a decision that monetary policy will be made by an independent European Central Bank.

  Gerhard Schroder

  Independent, Decision, Made

  24 Copy quote

• Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.

  Franklin Raines

  Cutting, Thinking, Talking

  24 Copy quote

• The supply-side effect of a restrictive monetary policy, moreover, is likely to be perverse. High interest rates enter into costs and thus exert inflationary pressure, as well as inhibiting the expansion of capacity or the introduction of cost -reducing capital improvements.

  William Vickrey

  Cost, Pressure, Sides

  "Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey".

  24 Copy quote

  Show source

• 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

• Monetary policy is not a panacea.

  Ben Bernanke

  Panacea, Policy, Monetary

  "Ben Bernanke won't commit to fiurther Fed stimulus - US politics live". Richard Adams's blog, www.theguardian.com. June 7, 2012.

  20 Copy quote

  Show source

• If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

  Ben Bernanke

  Long, Focus, Employment

  "Hearing Regarding Ben Bernanke's Nomination to Be Chairman of the Board of Governors of the Federal Reserve". www.washingtonpost.com. November 15, 2005.

  21 Copy quote

  Show source

• Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

  Ben Bernanke

  Running, Long, Growth

  18 Copy quote

• My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

  Janet Yellen

  Rising Prices, Goal, House

  "In 2004 Janet Yellen Feared Housing Bust But Did Not Raise Public Alarm" by Marilyn W. Thompson, Ann Saphir, and Alister Bull, www.businessinsider.com. October 30, 2013.

  21 Copy quote

  Show source

• In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.

  Evan Davis

  Principles, Three, Matter

  20 Copy quote

• Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.

  Amity Shlaes

  Country, Independent, Europe

  52 Copy quote

• Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

  Sri Mulyani Indrawati

  Country, Issues, Shock

  17 Copy quote

• Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.

  Marek Belka

  Country, Mean, Imbalance

  17 Copy quote

• 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

  Jobs, Decision, Boards

  18 Copy quote

• The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level.

  Hu Jintao

  Impact, United States, Dollars

  17 Copy quote

• My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.

  Henry Paulson

  Responsibility, Risk, Roles

  17 Copy quote

• The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.

  Milton Friedman

  Government, Serious, Great Depression

  8 Copy quote

• The monetary policies of the US will destroy the world.

  Marc Faber

  World, Policy, Monetary

  "Marc Faber, Famous Swiss Investor: Federal Reserve Stimulus ‘Will Destroy The World" By Harry Bradford, www.huffingtonpost.com. September 14, 2012.

  9 Copy quote

  Show source