Raghuram Rajan Quotes

The job of the Central Bank is to worry.

Since I’ve become a central banker, I’ve learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

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

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.

By the beginning of the 20th century, the debate about monetary policy and the nation's financial system had been going on for over a century. Increasingly, the shortcomings of the existing system were causing too much harm to ignore.

Central banking often comes across as obscure and complicated, and we try to help the public understand what we do.

Who controls the issuance of money controls the government!

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.

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 Fed's independence is critical.

If somebody had said to me in June or July of 1987, 'We'd like you to become chairman of the Federal Reserve, but you're never allowed to discuss any economics after you leave,' I'd have said, 'Forget it.' What do they want me to do? Become an anthropologist?'

Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.

The powers vested in the Federal Reserve Board seen to me highly dangerous especially where there is political control of the Board.

Our system works best if the value of money stays the same.

Nothing is more vital to our supremacy as a nation and to the beneficent purposes of our Government than a sound and stable currency.

The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value.

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

Monetary stability is a cornerstone of the social contract.

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.

The central bank needs to be able to make policy without short term political concerns.

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

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