A Quote by Charles L. Evans

Paul Volcker is a tremendous hero with the Federal Reserve system and for the American economy. He took very tough actions and helped to break the back of double-digit inflation at a time when it had to be done.

Charles L. Evans

Quote Topics

Actions American American Economy Back Break Done Double Double-Digit Economy Federal Federal Reserve Had Helped Hero Inflation Paul Reserve System Time Took Tough Tremendous Very

Quote Author

Charles L. Evans
American - Public Servant
Born: January 15, 1958

[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?

Paul Keating

Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy.

John Conyers

There is nobody who would want, in any way, to lose what Paul Volcker won for the American people by fighting inflation and achieving price stability.

Charles L. Evans

For a long time, the film business was a single-digit business on investment return. Now, because of home video, it's a low double-digit business, and the studios want to make sure it doesn't go back into the single-digit business.

Charles Roven

Bad as "independence" is, the main fault of the Federal Reserve System - an admirable system if conducted in the public interest - is that too much power and control rests in the hands of people whose private interests are directly affected by the Federal Reserves' actions.

Wright Patman

If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.

Jim Cooper

During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.

Janet Yellen

The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury...and has created out of nothing a ... debt which the American people are obliged to pay with interest.

Wright Patman

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

I go where the revolution is, and the revolution is Ron Paul. Ron Paul is a champion of the Constitution. He's about getting rid of the Federal Reserve and shrinking federal government.

Christine Ebersole

We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.

Rodrigo Rato

The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.

Ron Paul

We own? the Federal Reserve. There is this misconception that the Federal Reserve is some private entity. But if I might give an analogy here, we - U.S. taxpayers - own all the stock in the Federal Reserve.

Gary Johnson

Ron Paul's crazy talk about the Federal Reserve makes more sense these days. Right now, every - all this debt issued by the United States people assume the Chinese are buying, no they don't want any more American debt. Ron Paul has a point there.

Mark Steyn

Paying interest on reserve balances enables the Fed to break the strong link between the quantity of reserves and the level of the federal funds rate and, in turn, allows the Federal Reserve to control short-term interest rates when reserves are plentiful.

Janet Yellen

The Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate.