Rate Control Quotes

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.

There have been times when the Federal Reserve has restricted the money supply and raised interest rates to gain an end, which had much better been left to another Government agency or the Congress to attain. The country could have had lower interest rates without sacrificing anything else.

...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals

What if I am, in some way, only a sophisticated fire that has acquired an ability to regulate its rate of combustion and to hoard its fuel in order to see and walk?

Creepy billionaires ran an ‘op’ to capture the court, just like 19th-century railroad barons would capture the railroad commission that set their rates.