Kevin Brady Quotes

And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have.

Our system works best if the value of money stays the same.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

Deflation isn't good, and inflation is easier to cure than deflation.

Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.

Monetary stability is a cornerstone of the social contract.

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.

People forget how difficult it is to stop inflation or get it under control… I worry about it all the time.

Money can never circulate freely and actively unless there be absolute confidence in its value.

If by carelessness in controlling inflation and imposing controls on our general economy we are unable to meet these temporary but vital calls upon us, we will be courting real disaster.

Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.

Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.

There is nobody who would want, in any way, to lose what Paul Volcker won for the American people by fighting inflation and achieving price stability.

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

The Congress has tasked the Federal Reserve with achieving stable prices and maximum employment - the dual mandate.

The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.

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.

This bill, the Sound Dollar Act, is all about looking forward about the role the Fed should play.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

The job of the Central Bank is to worry.

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

During the past two decades, inflation has fallen to a low level in major industrial countries.

Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to stand or fall by the quality of that analysis.

It's a technical, fairly difficult job that has no particular political connotations, so I doubt there are any big campaign contributors dying to be on the Fed. And remember, it doesn't pay very well, certainly by Republican standards.

Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.