Jamie Dimon Quotes

The greatest economic power might in fact remain in the hands of the Federal Reserve. Economists credit the Fed's policy of keeping interest rates at historic lows with helping to pump up the economy and bring unemployment down.

At best, in such depression times, monetary policy is a feeble reed on which to lean.

All present-day governments are fanatically committed to an easy money policy.

The government must do all it can to help reduce interest rates for business.

After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction.

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.

If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs.

Austerity policy without currency devaluation can only hamper economic growth.

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.

I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.

Monetary policy and fiscal policy are inseparable.

If we think we're going to solve our economic problems by monetary policy alone, we are mistaken. History shows that we have to employ fiscal policy as well.

Until Keynes, politicians had not needed economists for help in running the country any more than they had needed astronomers. But Keynes made them indispensible.

The problem now is to shape our policy so as to avoid a calamitous break in the stock market … and at the same time accomplish if possible, the recovery of Europe.

We should be humble about our ability to stimulate the economy with monetary policy.

Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day.

Negative interest rates have been employed by many, many central banks.

Asking the government to fix our economy is like asking an editor to fix a movie, but in this case, the editor's not even of one mind.

For too long, our nation has relied on low interest rates rather than undertaking the necessary long term necessary economic reforms.

It's the economy, stupid.

The goal of what Japan's central bank is doing is to create growth. If it actually creates growth, in the long run, it will lead to appreciation.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

Favouring employment versus the financial markets is a decent policy; certainly not beneficial for the currency or the gilt market, but beneficial for the people.

Monetary policy itself cannot sensibly be directed at reducing imbalances.