Gerhard Schroder Quotes

There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.

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.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

A good monetary policy follows inflationary expectations and not historical numbers.

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

Monetary policy is not a panacea.

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.

I don't want Congress setting monetary policy.

The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable - there is financial stability - and that is the role that the central bank plays.

Government should eschew suasion and directives to banks on interest rates that run counter to monetary policy actions.

I think that is a very important milestone in our economic history that the monetary policy is now determined through a committee process where there are both independent committee members and representation from the RBI.

The Fed is the greatest hedge fund in history.

The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.

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.

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

The job of the Central Bank is to worry.

A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.

The Fed is totally open.

Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.

He who controls the money supply of a nation controls the nation.

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

Interest rates are used to achieve overall economic stability.

The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it's easier for the central bank to guard its independence from political pressure when it mainly holds government securities.