Lawrence Summers Quotes

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.

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

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

Talking about Korea, it has pretty high capital ratios at banks and maintains a good credit rating.

Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.

Here in Australia we do get impacted by global economic events. But we should have some confidence that our economy has got strong underlying fundamentals.

There is clear empirical evidence that the response of EME financial markets to different shocks, including changes in U.S. interest rates, depends importantly on the state of economic fundamentals in the EMEs themselves.

I think some people don't truly understand the situation, and they think, you know, the debt limit, it doesn't really mean anything, and they don't understand the implications on the U.S. economy and on the global markets.

The strength of the dollar has historically been tied to the strength of the U.S. economy and the faith that investors have in doing business in America.

We have weakened our economy in America. We need a strong economy.

I do like low interest rates. I'm not making that a big secret. I think low interest rates are good. I like a dollar that's not too strong. I mean, I've seen strong dollars. And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar.

Our economy, I think, is still -- the fundamentals of our economy are strong.

It's in our interests that the euro is a successful, strong currency.

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

Making economic policy isn't a popularity contest, especially when financial markets are in a panic.

I continue to think many of the factors holding down inflation are transitory... We want to be careful not to jump to a premature conclusion about what's in store for the U.S. economy.

If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.

What is important for a central banker is that you have to convey that you know what you are doing.

Lending rate is a function of both liquidity as well as credit demand.

The Fed's job is not to stall growth or to prevent economic 'overheating.' It is to keep prices stable and the dollar a strong and reliable currency.

The main long-run contribution monetary policy can make is to provide a stable macroeconomic and financial environment.

Whenever global economy is reasonably doing well, the investment flows.

The U.S. currency has been the most attractive currency to be in for very, very long periods of time.

I firmly believe that the U.S. has to honor its debt.

One factor that favors easier adjustment in EMEs is that U.S. monetary policy normalization has been and should continue to be gradual, as long as the U.S. economy evolves roughly as expected.