Top 1200 Federal Reserve Quotes & Sayings

The Federal Reserve is incapable of accomplishing its stated objectives.

The real estate interests and banks are in a kind of symbiosis. They're the largest-growing part of the economy. This is the sector that backs the political campaigns of senators, presidents and congressmen, and they use this leverage to make sure that their people dominate the Federal Reserve, Treasury and the federal housing agencies.

If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress can do to reverse the policy. Nor is there anything the people can do. Such bastions of unaccountable power are undemocratic. The Federal Reserve System must be reformed, so that it is answerable to the elected representatives of the people.

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.

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

When it appears as though the governors of the Federal Reserve believe that the end of the rate increases is near, that's very good news for investors. A lack of ambiguity from the Federal Reserve is always a little bit of a shocker.

I know this, the Federal Reserve is private and the I.R.S. is screwing us.

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.

If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.

Of all the weapons in the Federal Reserve arsenal, words were the the most unpredictable in their consequences.

The Federal Reserve cannot solve all the economy's problems on its own.

The Federal Reserve is no more federal than Federal Express.

The Federal Reserve System is nothing more than legalized counterfeit.

Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.

That is the one thing in my public career that I regret--my work to secure the enactment of the Federal Reserve Law.

The Federal Reserve system obviously doesn't work anymore - they keep lowering the federal discount rate, and all that happens is that the banks are making a fortune, and the old folks' CDs are getting chewed up.

Musicians burn through more cash than the Federal Reserve.

Ever since the Federal reserve was born, (in 1913) we have been living under a lie.

We do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy

History has recorded nothing so dramatic in design, nor so skillfully manipulated, as this attempt to create the National Reserve Association, or the Federal Reserve.

I think the role of the Federal Reserve is enormously exaggerated.

The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.

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.

The increase in the assets of the Federal Reserve Banks from 143 Million dollars in 1913 to 45 Billion dollars in 1949 went directly to the private stockholders of the [Federal Reserve] banks.

Transparency concerning the Federal Reserve's conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve's commitment to accountability within our democratic system of government.

The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.

Faith is the black person's federal reserve system.

When it comes to the Federal Reserve, there's an awful lot of books out there; in my library, I bet I've got 200 books if I've got any on the Federal Reserve. And we don't need any more books, we need action, and that's what the Liberty Dollar did, it gave people a way to take action. Our catch phrase was you want to "make money, do good, and have fun," and people really responded to that.

It may seem strange, but Congress has never developed a set of goals for guiding Federal Reserve policy. In founding the System, Congress spoke about the country's need for "an elastic currency." Since then, Congress has passed the Full Employment Act, declaring its general intention to promote "maximum employment, production, and purchasing power." But it has never directly counseled the Federal Reserve.

A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.

The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government's gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We've gotten out of control.

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.

The Federal Reserve bank buys government bonds without one penny.

There's no hidden secrets going on in the Federal Reserve...

The Federal Reserve is answerable to no one.

In 2005, attorneys general of 35 states urged the Federal Reserve to end the unsigned check system.

The New York Federal Reserve is a tool of the big banks.

The Federal Reserve has the responsibility to protect the credit rights of consumers.

The biggest issue I have with the CFPB is that I don't believe that they should be funded out of profits from the Federal Reserve.

There's nothing the people love more than a Federal Reserve joke.

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

The Federal Reserve... is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.

The Congress has tasked the Federal Reserve with achieving stable prices and maximum employment - the dual mandate.

I think it would be interesting to know about the Federal Reserve. I think we should audit the Federal Reserve - it's taxpayer's money that's being used there.

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.

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.

The Federal Reserve will not monetize the debt.

If we stuck to the Constitution as written, we would have: no federal meddling in our schools; no Federal Reserve; no U.S. membership in the UN; no gun control; and no foreign aid. We would have no welfare for big corporations, or the "poor"; no American troops in 100 foreign countries; no NAFTA, GAT, or "fast-track"; no arrogant federal judges usurping states rights; no attacks on private property; no income tax. We could get rid of most of the agencies, and most of the budget. The government would be small, frugal, and limited.

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

If Federal Reserve loans are subsidies, it doesn't show up in the federal budget.

There is two things that can disrupt business in this country. One is War, and the other is a meeting of the Federal Reserve Bank.

In the past, Federal Reserve chairmen have not generally gone directly to the public.

All the Federal Reserve can do is make loans against collateral.

The Federal Reserve is not currently forecasting a recession.

Alan Greenspan is going to go down in history as one of the worst Federal Reserve chairmen ever.

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.

The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.

The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.

There is no entity in the world that controls our lives more than the Federal Reserve System