Open Market Operations Quotes

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.

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.

The monetary policy instruments which Russia has at its disposal are pretty well developed.

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

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.

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

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.

A higher IOER rate encourages banks to raise the interest rates they charge, putting upward pressure on market interest rates regardless of the level of reserves in the banking sector. While adjusting the IOER rate is an effective way to move market interest rates when reserves are plentiful, federal funds have generally traded below this rate.

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

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

There's no hidden secrets going on in the Federal Reserve...

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

The Fed is totally open.

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.

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

I think the role of the Federal Reserve is enormously exaggerated.

When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.

All the Federal Reserve can do is make loans against collateral.

If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.

The Fed is the greatest hedge fund in history.

The Central Bank is constantly purchasing, purchasing and selling and vice versa - this is their job.

The degree of monetary policy ease should be associated with the level of real interest rates, not nominal interest rates.

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.

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.