Monetary Easing Quotes

In effect, there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009.

I don't know of any President, now or in the past, who does not favor lower interest rates. That's the American way.

If you happen to be the only one with negative interest rates, you also weaken your currency, which means you make your exports more competitive.

In stabilizing the macroeconomic environment, we have focused on aligning fiscal with monetary policy and nudging the central bank toward the objective of more market-determined exchange rates.

It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation.

If it were possible to take interest rates into negative territory I would be voting for that.

Weirdly enough, I'm a macroeconomics enthusiast.

The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example.

An important instrument of economic policy-making in a market economy is credible, consistent, and timely communication.

The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.

Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.

The FOMC has considerable control over short-term interest rates. We have much less influence over long-term rates, which are set in the marketplace.

Should that worse scenario materialize, then most probably our propensity to increase interest rates will be weaker.

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.

The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.

Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound.

The nation can't count on the Fed when the Fed can't count.

I am strongly committed to pursuing the dual goals that Congress has assigned us: maximum employment and price stability.

Public opinion always wants easy money, that is, low interest rates.

To protect people's lives and keep our children safe, we must implement public-works spending and do so proudly. If possible, I'd like to see the Bank of Japan purchase all of the construction bonds that we need to issue to cover the cost. That would also forcefully circulate money in the market. That would be positive for the economy, too.

When interest rates are coming down, you cannot have high margins.

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.

Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels.

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.