Richard C. Breeden Quotes

Bond traders now veto presidents.

Washington doesn't understand interest rates and Wall Street doesn't understand Washington.

To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.

And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then offset a lot of the stimulus we've already got.

Recent economic data shows that our economy is robust, growing and headed in the right direction. The numbers don't lie. Americans are currently enjoying falling gas prices, low unemployment, increased job creation, and a stock market that has reached an all-time high.

If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs.

Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.

The rise in equities helped strengthen the economy.

The economy controls the politicians far more than the politicians control the economy.

Wall Street has desperate need of men like you.

We are all Keynesians now.

All the perplexities, confusion and distress in America rise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation

The study of economics does not seem to require any specialized gifts of an unusually high order.

95% of economics is common sense deliberately made complicated.

There are two things that can disrupt the American economy. One is a war. The other is a meeting of The Federal Reserve Board.

A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street.

We tend to think of the stock and bond markets as relatively recent historical phenomena, but, in fact, there have been credit markets since human civilization first took root in the Fertile Crescent.

When Trump was a candidate, he talked about the stock market, because, oh, the stock market was going up when Obama was president.

Demonetisation is a disinflationary process. So, this will bring down prices in the long run. It will also help in bringing down interest rates.

We have been mandated by the government, backed by legislation, that we have to have an inflation target of about 4%.

We must not let the panicky Wall Street wheeler-dealers and the Trump-hating establishment state media talk us into a recession. We must keep the focus on the real economy, not the fake economy.

The government must do all it can to help reduce interest rates for business.

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

It's time to create an Economic Growth Code whose purpose is to fix and grow the economy, not redistribute massive amounts of wealth.

We believe that - the President believes that the economy will continue to grow, that the economy will continue to create jobs, and that we need to do everything we can to enhance that growth and enhance that job creation.