Nassim Nicholas Taleb Quotes

Interest rates are used to achieve overall economic stability.

The job of the Central Bank is to worry.

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

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

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

Monetary policy is not a panacea.

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

There is no entity in the world that controls our lives more than the Federal Reserve System

No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve, yet so high a public reputation.

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.

A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.

The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008.

We made a decision that monetary policy will be made by an independent European Central Bank.

A good monetary policy follows inflationary expectations and not historical numbers.

He who controls the money supply of a nation controls the nation.

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

If somebody had said to me in June or July of 1987, 'We'd like you to become chairman of the Federal Reserve, but you're never allowed to discuss any economics after you leave,' I'd have said, 'Forget it.' What do they want me to do? Become an anthropologist?'

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

Monetary policy and fiscal policy are inseparable.

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.

The nation can't count on the Fed when the Fed can't count.

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.

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

For the first time the committee [Federal Reserve] was using communication — mere words — as its primary monetary policy tool.

People expect central banks to be their saviors.