Charles Dallara Quotes

I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.

The Fed should not be responding to the ups and downs of the markets, and it is certainly not our policy to do so. But when there are significant financial developments, it's incumbent on us to ask ourselves what is causing them.

Every time the market has corrected, since 2008, it's always been the Fed that's made the bottom. The Fed has always saved the market either by cutting rates, launching QE, or threatening to launch another round of QE.

Investors need to get rewarded for their investment, especially in unstable countries.

The Federal Reserve - all of them - could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger.

I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view.

Not every business cycle has a financial crisis. Frequently they do.

The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.

One cannot see any world leader who has got a grip on the financial markets these days. They're too big, too fast. I think that's quite scary.

Economic freedom is a highly desirable state -- but in bust and boom we must be prepared to face the its consequences.

It's important for the Fed, hard as it is, to attempt to detect asset bubbles while they're forming.

It is hard to have great confidence in predicting what market reactions to Fed decisions will be.

Who would you trust right now? Which bank would you trust? Which investment would you trust? Do you really want to put your money; do you want to suffer more of these losses that we just had? You know, these volatility that we see is just unexplainable by any rational standards. Nobody has any clue about how to explain this, and nobody wants to experience that. So, we hold more money back, we don't necessarily want to invest in the market and by default, people are saving more.

The only thing that looks good is the stock market, but if you raise interest rates even a little bit, that's going to come crashing down.

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.

To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can reduce liquidity premiums, help restore the confidence of investors, and thus promote stability.

One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught.

Developments in financial markets can have broad economic effects felt by many outside the markets.

When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up.

Every day, every week without taking decisions is a problem for us, is a very wrong message for the markets and increases the lack of credibility of our economies.

Obviously, I haven't succeeded in defusing the political concerns about the Fed.

What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.

A financial crisis is a great time for professional investors and a horrible time for average ones.

The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs.

Market forces will one day crush the Federal Reserve. One day, the market forces will reverse.