A Quote by Janet Yellen
The Fed should not be responding to the ups and downs of the markets, and it is certainly not our policy to do so. But when there are significant financial developments, it's incumbent on us to ask ourselves what is causing them.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
There have been ups and downs, but it has taught us a lot in life. Going with the team through those ups and downs is a terrific journey.
The Americans say that we are ungrateful-but I ask them for heaven's sake, what should we be grateful to them for-for murdering our fathers and mothers?-Or do they wish us to return thanks to them for chaining and handcuffing us, branding us, cramming fire down our throats, or for keeping us in slavery, and beating us nearly or quite to death to make us work in ignorance and miseries, to support them and their families. They certainly think we are a gang of fools.
In a financial crisis, only the Fed, as the lender of last resort, might stand between our economy and financial catastrophe. We must leave the Fed with the flexibility to provide liquidity in order to stop a financial panic.
Audit the Fed is a bill that would politicize monetary policy, would bring short-term political pressures to bear on the Fed. In terms of openness about our financial accounts, we are extensively audited.
It is my view that our response to the Brexit vote should not have been to turn in on ourselves. At a time of grave constitutional and economic challenge for our country, it was incumbent on us to rise to this threat and ensure that the Labour party should defend the interests of our communities and not allow the Tories a free hand.
Favouring employment versus the financial markets is a decent policy; certainly not beneficial for the currency or the gilt market, but beneficial for the people.
I've had 60 years of ups and downs, and all of the downs that I've had, I'm happy that I've had them because it's taught me to appreciate all the ups.
The Fed contributed to the financial crisis, keeping interest rates too low for too long. I give them credit for responding and stabilizing the economy and the financial sector during the crisis. But then they tried to do too much with quantitative easing that went on forever, just dramatically exploding their balance sheets.
It's important to recognize the vital role that the financial markets play in our economy and that so many of you are contributing to. To function effectively those markets and the men and women who shape them have to command trust and confidence, because we all rely on the market's transparency and integrity. So even if it may not be 100 percent true, if the perception is that somehow the game is rigged, that should be a problem for all of us, and we have to be willing to make that absolutely clear.
People should remain unaffected by what others may say. A true man is one who overcomes the ups and downs of life with fortitude. One should not recoil before reverses of fortunes. One should bravely face them and overcome them.
The Savior’s words are simple, yet their meaning is profound and deeply significant. We are to love God and to love and care for our neighbors as ourselves. Imagine what good we can do in the world if we all join together, united as followers of Christ, anxiously and busily responding to the needs of others and serving those around us — our families, our friends, our neighbors, our fellow citizens.
Once you find someone to share your ups and downs, downs are almost as good as ups.
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.
There were some ups and downs. But it is about how you overcome those ups and downs.
The central benefit of Zen, in the context of ordinary ups and downs of life,is not in preventing the minus and promoting the plus,but in directing people to the fundamental reality that is not under the sway of ups and downs.
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