Jim Rogers Quotes

The Federal Reserve Board is indefensible in theory and indispensable in practice.

The job of the Central Bank is to worry.

Some people think that you can call they Federal Reserve and ask them what they are doing. I’ve been calling the Fed for 30 years and they have never told my anything.

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.

The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize each other or have the economy lurching in all directions. This is not a rational system for setting economic policy. It has given us trouble in the past, as the text will establish, and will inevitably in the future.

In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.

The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.

The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it.

My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.

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

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

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.

The Fed's independence is critical.

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

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.

To some extent the Federal Reserve considers itself government. Other times, when it serves, it considers itself not government.

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.

The Federal Reserve is incapable of accomplishing its stated objectives.

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

The Fed is the greatest hedge fund in history.

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

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

In the past, Federal Reserve chairmen have not generally gone directly to the public.

If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.