John McCain Quotes

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

In the past, Federal Reserve chairmen have not generally gone directly to the public.

Chairman Greenspan is, of course, a master.

I don't have any influence over the Fed [Federal Reserve System], none at all. It's carefully isolated from any influence by the President or Congress.

I don’t think that the Fed [Federal Reserve] ever can be or should be a prisoner of the markets.

There's no hidden secrets going on in the Federal Reserve...

Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.

The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize each other or have the economy lurching in all directions. This is not a rational system for setting economic policy. It has given us trouble in the past, as the text will establish, and will inevitably in the future.

The Fed is totally open.

The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it.

The Federal Reserve cannot solve all the economy's problems on its own.

There's nothing the people love more than a Federal Reserve joke.

There's no other job in public life that is like chairman of the Fed.

The Fed's independence is critical.

Most of the policies that support robust economic growth in the long run are outside the province of the central bank.

I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-'90s. It might have been 1995-'96.

I’ve always been a little nervous about the Fed. Quite frankly, I’m a little nervous about the degree of their independence.

To some extent the Federal Reserve considers itself government. Other times, when it serves, it considers itself not government.

Washington doesn't understand interest rates and Wall Street doesn't understand Washington.

If you move up the timetable of when we disclose the transcript of our Open Market Committee, … you will affect what is said and the way that it is said.

The very existence the Federal Reserve System is a safeguard against anything like a calamity growing out of money rates …. We have the power to deal with such an emergency instantly by flooding the street with money.

Some people think that you can call they Federal Reserve and ask them what they are doing. I’ve been calling the Fed for 30 years and they have never told my anything.

There are two things that can disrupt the American economy. One is a war. The other is a meeting of The Federal Reserve Board.

I will be the first to say that it is always difficult to get monetary policy just right. But the Fed's analytical prowess is top-notch, and our forecasting record is second to none.

Federal Reserve officials have stressed the importance of the Fed's independence. But such independence does not mean that it is immune from Congressional oversight.