The Fed Quotes

When the market falls again this time, the Fed will again ramp up its money-printing program. This time I feel a good candidate for the next bubble will be a commodity bubble. This could be the fuel for the fire for a new gold bubble. ~ David Skarica

Some people think the Federal Reserve Banks are US government institutions. They are not ... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will. ~ Louis Thomas McFadden

If the Fed had a war on abortion like its war on poverty or war on drugs, within five years men would be having abortions! ~ Harry Browne

People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened. ~ Paul Krugman

The Fed targets inflation. Everything else is determined by the economic forces that accompany its 2-percent inflation target. ~ Robert T. McGee

100 Years Is Enough: Time to Make the Fed a Public Utility ~ Ziad K. Abdelnour

The bond market is debating with itself what the intent of the Fed is. I don't think the Fed has a multi-step process. They are taking it step by step. ~ Paul McCulley

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. ~ Murray Rothbard

So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself? ~ Murray Rothbard

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

The United States is broke - fiscally, morally, intellectually - and the Fed has incited a global currency war (Japan just signed up, the Brazilians and Chinese are angry, and the German-dominated euro zone is crumbling) that will soon overwhelm it. When the latest bubble pops, there will be nothing to stop the collapse. If this sounds like advice to get out of the markets and hide out in cash, it is. ~ David Stockman

It's absolutely critical that we audit the Fed so the American people can see what's going on over there. Do it from top to bottom so that we can have transparency in this entity called the Federal Reserve. Hopefully, the American people will see that we need to go back to the gold standard, which I've introduced, and get rid of the Fed. ~ Paul Broun

The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans. ~ Doug Casey

The banks have accounts with the Fed, much the same way that you have an account in a commercial bank. ~ Ben Bernanke

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed. ~ Paul A. Volcker

Obviously, I haven't succeeded in defusing the political concerns about the Fed. ~ Ben Bernanke

And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability. ~ Arthur Laffer

The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008. ~ Roger Altman

Essentially, not only do we believe in this myth of 'de-risking', but it has become the one overriding goal; de-risking above growth, de-risking above innovation, de-risking above everything else. And we've reached the point where the Fed is using $70 Billion a month to 'de-risk' a largely insolvent banking system. And this can only end badly. The idea that you can do capitalism without risk is ridiculous on its face. ~ Andreas Antonopoulos

I don't want to see the dollar strong because the rest of the world is crumbling. I would like to see the dollar strong because the Fed has said it wants it to be strong in the future. ~ David Malpass

Fletcher Von Pein was one of the twelve founders of the Omega Agency. He was also a powerful banker and a majority shareholder in the US Federal Reserve which, despite its misleading name, had zero government ownership and was actually a private corporation owned by the global elite. ~ James Morcan

Two-thirds of the directors at the New York Fed are hand-picked by the same bankers that the Fed is in charge of regulating. ~ Bernie Sanders

What this means is that the entire business model for something like Chase's credit card business is not much more than a gigantic welfare fraud scheme. These companies borrow hundreds of billions of dollars from the Fed at rock-bottom rates, then turn around and lend it out to the world at 5, 10, 15, 20 percent, as credit cards and mortgages, boat loans and aircraft loans, and so on. If you pay it back, great, it's a 500 percent or 1,000 percent or 4,000 percent profit for the bank. If you don't pay it back, the company can put your name in the hopper to be sued. A $5,000 debt on a credit card for the now-defunct Circuit City, which was actually a Chase card, became a $13,000 or $14,000 debt by the time the bank finished applying fees and penalties. Just like a welfare application, you have to read the fine print. "They make more on lawsuits than they make on credit interest," says Linda. ~ Matt Taibbi

The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems. ~ David Malpass

Did anyone of those bullish investors ever think what would happen to the Treasury market if the Fed ever became a net seller of bonds? ~ Ziad K. Abdelnour

The Fed is totally open. ~ Ben Bernanke

The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation. ~ Llewellyn Rockwell

From a broader money view perspective, however, September 2008 was the moment when the Fed moved from lender of last resort to dealer of last resort, in effect taking the collapsing wholesale money market onto its own balance sheet. But in the heat of the moment, no one noticed. ~ Perry G. Mehrling

I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves. ~ Alan Greenspan

Hyperinflation is not going to happen in this country, will never happen ... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time. ~ Timothy Geithner

In short, Mr. Ryan's plan is devoid of credible math or hard policy choices. And it couldn't pass even if Republicans were to take the presidency and both houses of Congress. Mr. Romney and Mr. Ryan have no plan to take on Wall Street, the Fed, the military-industrial complex, social insurance or the nation's fiscal calamity and no plan to revive capitalist prosperity - just empty sermons. ~ David Stockman

Ironically, the rise of the Tea Party increased the interventions of the Fed that the movement denounced. ~ Yanis Varoufakis

The Fed has gone about as if the problem is a shortage of liquidity. That is not the basic problem. The basic problem for the markets is that uncertainty that the balance sheets of financial firms are credible.
-Anna J. Schwartz interviewed in the Wall Street Journal, October 18-19, 2008. ~ John Brian Taylor

It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role. ~ Maurice Allais

The two-year note has become the Treasury market's gauge of expectations regarding when and how quickly the Fed will raise rates. ~ Anonymous

The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick. ~ Michael Hudson

The essence of the problem is that the war against inflation is over, ... Ever since 1979 the Fed was fighting a war against inflation, and you always knew which way you wanted the inflation rate to go over the long run
down. ~ Paul McCulley

Janet Yellen at the FED is equivalent to having a biology schoolteacher who has never seen blood perform brain surgery. ~ Nassim Nicholas Taleb

When the Fed decides that inflation is too high, they have the tools, and they've shown historically that they have the will, to bring it down. And, it might be painful. ~ Paul Krugman

This is what we've been waiting for, this is the cyberchryst moment. This is when the activists that have been pushing against the FED are going to win. ~ Max Keiser

The dollar has lost over 95 percent of its value since the Fed was created. ~ Thomas E. Woods Jr.

The Fed is on hold at least through the election but I think we'll get a little more tightening at the start of next year. I think, for the time being, we have a soft landing. But I think the reality is the stock market rally will probably add a little fuel to the economy and the tightening will return next year. ~ William C. Dudley

The phrase 'perception is reality' is overused generally. But perception can be reality in monetary policy. The bond market doesn't act merely on what it sees. It acts on what it expects of the Fed or the government. ~ Amity Shlaes

Fannie and Freddie made two-thirds of all subprime mortgages. That is not a free market institution. That entity, along with the Fed printing too much money back in '03 and '04, caused the housing collapse. So we need to take free markets seriously. That means we have to put an end to all these tax credits and tax deductions and loopholes. ~ Dave Brat

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts. ~ Ron Paul

Today's market action is driven by the slower GDP growth rate. Despite oil being higher, I think the GDP kind of overruled everything and just makes the market feel better about what the Fed is going to do, or rather not do. ~ L'Wren Scott

Ring One is where my people live. Well, not my people, but the closest thing I want to find: the freaks, the runaways, the perpetual wanderers, the organized crime, the genehackers, the bodychoppers, the digital-wannabes, the loose, the inebriated, the ones with no common sense, no career and no desire for one, the fed up, fucked up, and flamed out. The whole place is like a dangerous chemical concoction. You never know what might set off a reaction, and the threat of violence hangs in the air thick as the smell. ~ Corey J. White

Central banking has become the new central planning. Under the old central planning, government attempted to manage production and the supply of goods and services. Under the new central planning, the Fed attempts to manage the financial system and the supply and allocation of credit. ~ Anonymous

I don't think the Federal Reserve has any role in how high rates are right now. I don't understand why everyone is paying attention to this tapering. The Fed is using one kind of bond to buy another kind of bond. What's the big deal, and why is anyone taking the Fed seriously? ~ Eugene Fama

When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is - The Fed has usurped the government!! ~ Louis Thomas McFadden

If something is wrong for you or me, it is also wrong for the cop, the soldier, the mayor, the governor, the general, the Fed chairman, the president. Theft does not become acceptable when they call it taxation, counterfeiting when they call it monetary policy, kidnapping when they call it the draft, mass murder when they call it foreign policy. We understand that it is never acceptable to wield violence nor the threat of violence against the innocent, whether by the mugger or the politician. ~ Llewellyn H. Rockwell Jr.

Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost. ~ Robert Kiyosaki

Mr. Chairman, when the Fed was passed, the people of these United States did not perceive that a world system was being set up here ... and that this country was to supply the financial power to an international superstate. ~ Louis Thomas McFadden

There is a good reason why stocks are not reacting to Fed policy as they have in the past. Investors have become so geared to watching and anticipating Fed policy that the effect of its tightening and easing is already discounted in the market. If investors expect the Fed to stabilize the economy, this will be built into stock prices long before the Fed even begins to take its stabilizing actions. ~ Jeremy J. Siegel

The Senate voted 59 to 39 in favor of an amendment I offered to the Budget Resolution calling on the Fed to tell the American people who they loaned $2.2 trillion to and how much each bank received. ~ Bernie Sanders

I don't think anyone can answer whether the Fed is going to have to tighten beyond neutral, ... You have to be looking at the economy going forward and that changes as additional data comes in. ~ Michael H. Moskow

If the Fed ceases hiking, against the backdrop of still rising commodity prices, then the Australian dollar will have few reasons for resisting any topside advances. ~ Craig Ferguson

It's a technical, fairly difficult job that has no particular political connotations, so I doubt there are any big campaign contributors dying to be on the Fed. And remember, it doesn't pay very well, certainly by Republican standards. ~ Alice Rivlin

If we acted, nobody would thank us. But if we did not act, who would? Making politically unpopular decisions for the long-run benefit of the country is the reason the Fed exists as a politically independent central bank. It was created for precisely this purpose: to do what must be done - what others cannot or will not do. ~ Ben S. Bernanke

The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers' cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency ~ Gary North

Ron Paul is crazy, the guardians of respectable opinion assured us. What they really meant was that Ron Paul defied traditional political categories and advanced positions outside the Clinton-to-Romney continuum. People whose minds have been formed in ideological prison camps for 12 years have learned to confine themselves within an approved range of possibilities. Tax me 35 percent or tax me 40 percent, but don't raise the possibility that taxation itself may be a moral issue rather than just a matter of numbers. Either bomb or starve that poor country, but don't tell me there might be a third option. The Fed should loosen or the Fed should tighten, but don't tell me our money supply doesn't need to be supervised by a central planner. As always, confine yourself to the three square inches of intellectual terrain the New York Times has graciously allotted to you. ~ Thomas E. Woods Jr.

Z knew the fed EX-tinction package had arrived and wasn't ready to take delivery ~ J.R. Ward

I strongly support liquidating the corporation that is the Federal
Reserve and returning to a monetary system based on a marketproduced
precious metal, like gold, which is represented by a currency
printed and managed by the U.S. Treasury Department as stipulated
by our Constitution. The assets currently owned by the Fed should
be liquidated and parceled out on a pro-rata basis to its creditors. All we need is the will. ~ Ziad K. Abdelnour

We can't count on the Fed to inject this level of liquidity that we saw last year. ~ Robert Pozen

The Fed can change how things look, not how things are ~ James Grant

Until the Fed lets us have a real recession, as painful as that may be, we are never gonna have a recovery. ~ Ziad K. Abdelnour

I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-'90s. It might have been 1995-'96. ~ Herman Cain

The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game. The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about 'inflation,' for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting 'Stop, thief!' and runs down the street pointing ahead at others. ~ Murray Rothbard

The Fed is the greatest hedge fund in history. ~ Warren Buffett

People are constantly asking Portia and me if we are going to have children. We thought about it. We love to be around children after they've been fed and bathed. But we ultimately decided that we don't want children of our own. There is far too much glass in our house. ~ Ellen DeGeneres

Think what you would have been now, if instead of being fed with tales and old wives' fables in childhood, you had been crammed with geography and natural history! ~ Charles Lamb

He who is dying of hunger must be fed rather than taught. ~ Thomas Aquinas

World & people only seem unlovable due to toxins & lies they've been fed. Release distortions of mind. Return all to innocence & freedom ~ Jay Woodman

But what have I to prove? It should be you wrapped up in Zmey Gorinich's coils, proving that you are not a monster, that you are worthy of me!"
"Have I not proven it? Have I not taken you out of your starving city and fed you, clothed you in fine things, taught you how to listen and how to speak, brought you to a place where you are a mistress, a tsarevna adored and worshipped, made love to, your skin dusted with jewels? Did I not dower myself? Did I not come to you on my knees with a kingdom in my hand? ~ Catherynne M Valente

Men were always hungry. And they expected to be fed. ~ Georgia Clark

Closed mouths didn't get fed. ~ G.L. Tomas

Just as your body is protected when it enjoys a nourishing, balanced diet, your mental well-being depends on being fed a diet of nurturing, positive thoughts. ~ Jones Loflin

On some peculiar pigmented cells found in two mosquitoes fed on malarial. ~ Ronald Ross

Fed up with being unhappy. Some people may feel, as I did, that they cannot live with themselves anymore. Inner peace then becomes their first priority. ~ Eckhart Tolle

Dan, rabbits who've been fed oysters laced with Viagra don't like sex as much as you do. ~ Matt Dunn

There is nothing inherently wrong with a brain in your nineties. If you keep it fed and interested, you'll find it lasts you very well. ~ Marjory Stoneman Douglas

Money is an acquired taste that grows as it is fed. ~ Helen McCloy

Emptiness and boredom: what an understatement. What I felt was complete desolation. Desolation, despair, and depression.
Isn't there some other way to look at this? After all, angst of these dimensions is a luxury item. You need to be well fed, clothes, and housed to have time for this much self-pity. ~ Susanna Kaysen

Historically, Alaska is a place that has attracted those fed up with conventionality. ~ Bill O'Reilly

Seven years of this and I'll have lost whatever edge I once had," I said. "I'll have turned into one of those well-fed countrywomen who pride themselves on making better preserves then their neighbors, and give all their chickens names. ~ Juliet Marillier

Not even if you fed me your firstborn, still wet and screaming ~ Rachel Vincent

I don't care where I sit, as long as I get fed. ~ Calvin Trillin

But hatred and rage solve nothing. Like a might fire, they quickly consume whatever is fed them.Yet it can't last. Soon enough, they devour all around them and burn out, leaving nothing but a hollowed shell no longer capable of feeling anything at all. (First Guardian) ~ Sherrilyn Kenyon

Prioritize whole, unprocessed, nutrient-rich, nourishing foods. Eat vegetables, grass-fed and pastured meats and eggs, wild-caught seafood, and some fruit, nuts, and seeds. Avoid foods that are likely to be more harmful than healthful. Especially when regularly consumed, certain foods can trigger inflammation, cause digestive problems, or derail our natural metabolic processes, such as grains, legumes, sugar, and processed seed and vegetable oils. ~ Michelle Tam

Principles have no real force except when one is well fed. ~ Mark Twain

Fuckin' wit a madman in a bad mood
It's like fuckin' wit a mad dog that wasn't fed food ~ D.M.X.

Tatiana hooked an IV to Alexander's vein herself and fed him morphine and fed him plasma. And when that wasn't enough, she gave Alexander her blood. And when that wasn't enough, and it looked as if nothing was going to be enough, she trickled blood from her arteries into his veins.
Drop by drop.
And as she sat by him, she whispered. All I want is for my spirit to be heard through your pain. I sit here with you, pouring my love into you, drop by drop, hoping you'll hear me, hoping you'll lift your head to me and smile again. ~ Paullina Simons

I'm loved. I'm wanted. Spirits are fed on this alone. ~ Nora Roberts

To me a lot of electronic music out there is too serious. I'm a bit fed up with DJs who take themselves too seriously and don't smile. ~ Pedro Winter

Tithe in kind where your spirit is fed. ~ Oprah Winfrey

Connie, giving her thoughts on why Vinnie's hot temper is less than normal, says: Lucille must have fed him a Vallium smoothie this morning. ~ Janet Evanovich

Writing a great book is like creating a gourmet meal! Those who thoroughly enjoyed your book will come back to get fed again. ~ Darrell Gibbs

These streets were his. He fed where he pleased and on whomever he wished. ~ Vanessa Gravenstein

Honestly, I'm just so fed up with you. I'm at my wits' end.'
Since my mother is always at her wits' end, I'm surprised she had any wits left. ~ Han Nolan

Is surprising how soon a desire will die of inanition if it be never fed. ~ Gretchen Rubin