Federal Reserve Chairman Quotes & Sayings

sold to the public on false pretenses, high officials confessing to ordering torture in violation of treaty and domestic law, and an economic meltdown even former Federal Reserve Chairman Alan Greenspan acknowledges involved massive fraud - and no one has been prosecuted, no one has gone to prison, and Americans continue to dutifully cast their votes for the Democratic/Republican duopoly responsible for these disasters. — Barry Eisler

If somebody had said to me in June or July of 1987, 'We'd like you to become chairman of the Federal Reserve, but you're never allowed to discuss any economics after you leave,' I'd have said, 'Forget it.' What do they want me to do? Become an anthropologist?' — Alan Greenspan

[On reporters trying to cajole a smile from her husband, Alan Greenspan:] For a Federal Reserve chairman, that was a smile. — Andrea Mitchell

They should let my son be Federal Reserve chairman. At least he'll play with his toys and not ruin the economy. — Peter D. Schiff

Paul Volcker, former chairman of the Federal Reserve (1979-87): The worst financial investment I ever made was spending so much time in government. The most satisfying personal investment I ever made was spending so much time in government, frustrating as it could be. — Anonymous

The politicians looked after the mandarins. The mandarins looked after the central bankers and the regulators. (The governor of the Central Bank was paid more in 2008 than the chairman of the US Federal Reserve, as was the chief executive of the Financial Regulator.) The Central Bankers looked after the bankers. The bankers looked after IBEC. And IBEC looked after the government. The circle of oligarchs was watertight. — Shane Ross

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. — Herman Cain

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

On January 7, 1973, the New York Times featured an interview with one of the nation's top financial forecasters, who urged investors to buy stocks without hesitation: "It's very rare that you can be as unqualifiedly bullish as you can now." That forecaster was named Alan Greenspan, and it's very rare that anyone has ever been so unqualifiedly wrong as the future Federal Reserve chairman was that day: 1973 and 1974 turned out to be the worst years for economic growth and the stock market since the Great Depression. — Benjamin Graham

Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride. — Bill Maher

Housing prices had never before fallen as far and as fast as they did beginning in 2007. But that's what happened. Former Federal Reserve chairman Alan Greenspan explained to a congressional committee after the fact, "The whole intellectual edifice, however, collapsed in the summer of [2007] because the data input into the risk management models generally covered only the past two decades, a period of euphoria. Had instead the models been fitted more appropriately to historic periods of stress, capital requirements would have been much higher and the financial world would be in far better shape, in my judgment."3 — Charles Wheelan

Well, the chairman of Federal Reserve just made his move to rescue Barack Obama. We're gonna have QE3. We're gonna print some more money. — Rush Limbaugh