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Remarks before the 19th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies, New York City, April 14, 2010. ; "I think the disagreeable but sound thing to do regarding institutions that are TBTF is to dismantle them over time into institutions that can be prudently...
Persistent link: https://www.econbiz.de/10008475877
Remarks before the O'Neil Center for Global Markets and Freedom Conference, SMU Cox School of Business, Dallas, Texas, October 16, 2009. ; This morning, I will argue that a decline in trade flows, at least to some degree, was to be expected during this tumultuous period, the most severe global...
Persistent link: https://www.econbiz.de/10008489218
"The earnest men and women who make up the FOMC have no intention of squandering the bedrock capital of a central bank: the confidence the public places in our hands to keep inflation at bay while we work to bolster economic growth and restore the financial system." ; Remarks before the Progress...
Persistent link: https://www.econbiz.de/10008504176
"In theory, the Fed's monetary policy and regulatory functions are separate. In practice, they are anything but--rather, it is a symbiotic relationship. The past two years have highlighted the interconnections of monetary and regulatory policy: Monetary policy depends upon regulation that...
Persistent link: https://www.econbiz.de/10008504178
Remarks before the Eller College of Management, University of Arizona, Tucson, Arizona, March 30, 2010 ; "Generally, the data indicate that we will move down the field this year at about a 3 percent clip. It is less than we had grown accustomed to in the heyday before the crisis, and it may not...
Persistent link: https://www.econbiz.de/10008616920
Remarks Before CERAWeek, Houston, Texas, February 9, 2009. ; "Our senators and congressmen and -women must find a way to give our economic engine an activating short-term jolt without encumbering or disincentivizing the entrepreneurial dynamic that has made for the long-term economic miracle...
Persistent link: https://www.econbiz.de/10010723028
"As to the Federal Reserve reducing its balance sheet so as not to monetize the excess reserves waiting to be converted to bank loans to the private sector, I have been very clear: Given the lag between the time monetary policy is initiated and when it impacts the economy, that wind-down process...
Persistent link: https://www.econbiz.de/10010723029
"I believe I can safely speak for us all when I tell you that the Federal Reserve will continue to explore every avenue and consider every option to see the credit market through the current crisis, consistent with the safety of the System." ; Remarks before the International Institute of...
Persistent link: https://www.econbiz.de/10010723038
Remarks before the 125th Annual Convention of the Texas Bankers Association, San Antonio, Texas, May 15, 2009 ; "The most recent reports indicate that job losses may be slowing; trucking companies--a group often looked to as a leading indicator--report a slight pickup in sales; purchasing...
Persistent link: https://www.econbiz.de/10010723043
Remarks before the Ninth Annual R.I.S.E. (Redefining Investment Strategy Education) Forum Dayton, Ohio, March 26, 2009 ; "Here is a take-home quote from Charles Mackay's classic tome "Extraordinary Popular Delusions and the Madness of Crowds", written in 1841: 'Men think in herds...[and] they go...
Persistent link: https://www.econbiz.de/10010723045