A Quote by Jerome Powell
Long experience, in the United States and in other advanced economies, has demonstrated that monetary policy is most successful when decisions are rendered independent of influence by elected officials.
Quote Topics
Quote Author
Related Quotes
The conduct of President Bush's war of choice has been plagued with incompetent civilian leadership decisions that have cost many lives and rendered the war on and occupation of Iraq a strategic policy disaster for the United States.
To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.
My ardent desire is... to keep the United States free from political connexions with every other Country. To see that they may be independent of all, and under the influence of none.
I think that sharing information about our economies, the way that the central banks do in Basel and other forums, is quite useful. But it's sharing information. It's not coordinating policy. It's not coordinating a single monetary policy.
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
Our elected officials must understand that we, the American people, expect them to perform the duties of their office, even when that means working with other elected officials from different parties.
Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S.
We know what our policy is regarding the territory of Israel, Kosovo, Bosnia, Macedonia and even Nagorno-Karabakh. What is our policy regarding the territory of the United States? No nation in history has ever been as willing to accommodate those who would dismember it as has the United States of America. Trying to get a straight pro-U. S. comment out of a U.S. elected official is like trying to nail a custard pie to the side of a barn.
The real difference between the United States and other nations lies not in the words of the preamble to the Constitution, but in the fact that the substantive clauses of that Constitution are enforced by individuals independent of and not beholden to the elected branches.
When a president was elected with foreign policy experience, it was usually less about his foreign policy experience than other things.
Ironically enough, why I got into politics is because I came to the conclusion that if you wanted to save the world, which in my mind was through the environment, those elected officials seemed to be the ones who made a lot of the important decisions, if not the most important decisions.
While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
My aim has been... to keep the United States... independent of all and under the influence of none.
So long as there is an Israeli occupation in Palestine and so long as U.S. policy is biased, the so-called terrorism that the United States fears will escalate because the mistakes of U.S. foreign policy are pouring oil on fire.
JPMorgan Chase are among the most successful global investment banks, most successful global asset managers, and, in the United States, one of the most successful retail and commercial bankers. We do a great job for customers.
The fact that some former national security officials challenge the policy wisdom of the order, while other national security officials - most notably those of this [Donald Trump's] administration - support it, merely demonstrates that these are policy disputes that the judiciary is both ill-equipped and constitutionally barred from arbitrating.
Related Authors
Andrew Yang Quotes
American
Public Servant
Ben Bernanke Quotes
American
Public Servant
David Frum Quotes
American
Public Servant
Elizabeth Warren Quotes
American
Public Servant
Henry Paulson Quotes
American
Public Servant
James Comey Quotes
American
Public Servant
Janet Reno Quotes
American
Public Servant
Janet Yellen Quotes
American
Public Servant
Karren Brady Quotes
British
Public Servant
Michael Hayden Quotes
American
Public Servant
Mohammed Saeed al-Sahaf Quotes
Iraqi
Public Servant
Paula White Quotes
American
Public Servant
Samantha Power Quotes
Irish
Public Servant
Steve Bannon Quotes
American
Public Servant
Vivek Murthy Quotes
American
Public Servant
Wendy Kopp Quotes
American
Public Servant