Kwasi Kwarteng Quotes

Production is the only answer to inflation.

We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.

I never liked quantitative easing. It's misunderstood by almost everybody. Flattening the yield curve is not stimulative; flattening the yield curve is anti-stimulative.

I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.

Monetary policy will, as always, respond to the economy's twists and turns so as to promote, as best as we can in an uncertain economic environment, the employment and inflation goals.

We will watch very carefully what is happening in the economy and adjust policies appropriate.

To get great again, we need to recreate what made us great in the first place, and so we're going to have to let interest rates go up.

I will say this: the central banks can actually support growth beyond a point. When there is no inflation, they can cut interest rates, and that is the way they support growth, but if you cut interest rate to the bone, there is nothing more to cut. It is very hard to support growth beyond that.

It's not that the regulator doesn't want the banking industry to grow. The growth of the industry has always been in relation to the GDP (gross domestic product) growth.

What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time.

Higher asset prices increase wealth and, with a lag, induce higher spending.

Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.

The only way to ensure that inflation expectations remain safely anchored near the FOMC's target is to keep inflation close to that target on a consistent basis.

Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to support a higher growth rate, but on a durable basis.

If you look around the world and see all the different countries struggling to get away from very low inflation rates with economies not nearly as strong as ours, you want to make sure we avoid those circumstances.

Low interest rates benefit individuals or investors who own or want to buy assets; in that regard, they disproportionately benefit wealthier Americans.

It is easy and quick to fritter away gains regarding macroeconomic stability.

The role of monetary policy is to smooth out business cycles by promoting steady inflation and healthy labor markets, but modern central bankers have taken an activist turn.

It's time to stop pretending negative rates have any redeemable value - besides the ability to stimulate the market for physical safes.

Without public investment, without families spending, without cheap credit, the economy won't recover.

From time to time, an excessively strong dollar may have negative short-term implications on the economy.

For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.

There's no doubt that decisions made by the leading central banks do affect the global financial markets and, consequently, our situation.

The Greek economy is improving, which should benefit the banking sector.