Vladimir Putin Quotes

The only way to manage our economy is to insulate us from currency and stock market speculators—and that is to take the foreign exchange from them.

There is always the potential for a central bank to engage in discretionary monetary policy and to break the one-to-one link between changes in foreign reserves and changes in the money supply.

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

Monetary policy is like juggling six balls... it is not 'interest rate up, interest rate down.' There is the exchange rate, there are long term yields, there are short term yields, there is credit growth.

The Fed's ability to raise and lower short-term interest rates is its primary control over the economy.

All the Federal Reserve can do is make loans against collateral.

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

Interest rates are used to achieve overall economic stability.

Monetary policy is not a panacea.

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.

If you believe in free markets, why do we have to have the Federal Reserve set interest rates?

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.

I believe that the history of Fed policymaking is that, you know, there are times when we need to raise rates.

The monetary policy instruments which Russia has at its disposal are pretty well developed.

When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.

Janet Yellen at the FED is equivalent to having a biology schoolteacher who has never seen blood perform brain surgery.

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

We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

The Fed is the greatest hedge fund in history.

If we speak about fundamental things, regulation of the rate is actually the function of the main regulator, namely the function of the Central Bank. And it should think of how the economy and industry react, but also of its fundamental tasks in order to ensure the stability of the rate.

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

Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.

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.

The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.

I think the role of the Federal Reserve is enormously exaggerated.