Herman Cain Quotes

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

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

There's nothing the people love more than a Federal Reserve joke.

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

To minimize market uncertainty and achieve the maximum effect of its policies, the Federal Reserve is committed to providing the public as much information as possible about the uses of its balance sheet, plans regarding future uses of its balance sheet, and the criteria on which the relevant decisions are based.

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

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

The Fed is the greatest hedge fund in history.

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

I think it would be interesting to know about the Federal Reserve. I think we should audit the Federal Reserve - it's taxpayer's money that's being used there.

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.

The Fed is totally open.

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.

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.

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.

The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations

The Fed [Federal Reserve] is the world’s largest hedge fund.

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.

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

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.

And turns out, it's not Republicans throwing granny off a cliff... It's the Fed!?