A Quote by Janet Yellen

I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was invented to do exactly that.

Janet Yellen

Quote Topics

Agency Always Been Crisis Exactly Fed Felt Financial Financial Crisis Had Invented Picked Pieces Up

Quote Author

Janet Yellen
American - Public Servant
Born: August 13, 1946

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.

Stephen A. Schwarzman

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.

Jean-Francois Cope

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.

Kevin Brady

Although the financial crisis, you know, receded a while ago, we kind of never picked up on it.

Lloyd Blankfein

If there had been a Financial Product Safety Commission in place 10 years ago, the current financial crisis would have been averted.

Elizabeth Warren

The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed's lending programs during the financial crisis.

Bernie Sanders

I had it together on Sunday. By Monday at noon it had cracked. On Tuesday debris Was descending on me. And by Wednesday no part was intact. On Thursday I picked up some pieces. On Friday I picked up the rest. By Saturday, late, It was almost set straight. And on Sunday the world was impressed With how well I had got it together.

Judith Viorst

The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.

Thomas Pogge

If the Asian financial crisis had the impact of accelerating China's rise, the transatlantic financial crisis has had the effect of accelerating Germany's rise.

Sanjaya Baru

The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.

Taavet Hinrikus

They have been deprived nutritionally, or some illness has not been picked up, or they have not been screened for vision or hearing defects, or they have not had some kind of a chronic illness or error of metabolism picked up.

C. Everett Koop

She had always been a reader… but now she was obsessed. Since her discovery of the book hoard downstairs from her job, she’d been caught up in one such collection of people and their doings after the next…The pleasure of this sort of life – bookish, she supposed it might be called, a reading life – had made her isolation into a rich and even subversive thing. She inhabited one consoling or horrifying persona after another…That she was childless and husbandless and poor meant less once she picked up a book. Her mistakes disappeared into it. She lived with an invented force.

Louise Erdrich

The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key role in supervising banks and historically has seemed to take it easy on the banks when it shouldn't have, such as in the lead up to the financial crisis.

Gerald Epstein

The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.

Ron Suskind

What we call a financial crisis is really at its core a crisis of management, and not just a crisis of management, but a crisis of management culture. ...In other words, what you had is a detachment of people who know the business from people who are running the business.