6 quotes by William McChesney Martin Jr. (1906-1998), American (Federal Reserve Chairman)

Popular Quotes

The Federal Reserve... is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.

William McChesney Martin Jr.

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.

William McChesney Martin Jr.

The Federal Reserve's job is to take away the punch bowl just when the party gets going.

William McChesney Martin Jr.

My gracious, here I am the new chairman ... and I haven't the faintest idea of how you control the money supply. Yet everyone thinks I have it at my fingertips.

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About the Author

William McChesney Martin Jr.

Born: December 17, 1906
Died: July 27, 1998
Nationality: American
Profession: Federal Reserve Chairman

Biography

William McChesney Martin Jr. was the ninth and longest-serving Chairman of the United States Federal Reserve Bank, serving from April 2, 1951, to January 31, 1970, under five presidents. Martin, who once considered becoming a Presbyterian minister, was described by a Washington journalist as "the happy Puritan".

WILLIAM MCCHESNEY MARTIN JR.

(William McChesney Martin)