Charles Lindbergh Quotes

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

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 bold effort the present (central) bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.

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

The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it.

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

The powers vested in the Federal Reserve Board seen to me highly dangerous especially where there is political control of the Board.

I don't have any influence over the Fed [Federal Reserve System], none at all. It's carefully isolated from any influence by the President or Congress.

The Federal Reserve Board is indefensible in theory and indispensable in practice.

I did not criticize the Central Bank's position.

The idea of creating a national bank I do not concur in, because it seems now decided that Congress has not that power (although I sincerely wish they had it exclusively), and because I think there is already a vast redundancy rather than a scarcity of paper medium.

There's no other job in public life that is like chairman of the Fed.

The Fed's independence is critical.

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?'

The Federal Reserve's job is to do the right thing, to take the long-run interest of the economy to heart, and that sometimes means being unpopular. But we have to do the right thing.

Remember, Alan Greenspan was a member of Ayn Rand's collective. To understand this is to understand why we are doomed with the Federal Reserve.

I’ve always been a little nervous about the Fed. Quite frankly, I’m a little nervous about the degree of their independence.

To some extent the Federal Reserve considers itself government. Other times, when it serves, it considers itself not government.

Since I’ve become a central banker, I’ve learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

What is important for a central banker is that you have to convey that you know what you are doing.

By the beginning of the 20th century, the debate about monetary policy and the nation's financial system had been going on for over a century. Increasingly, the shortcomings of the existing system were causing too much harm to ignore.

The Federal Reserve is incapable of accomplishing its stated objectives.

When I did my research on this topic, I came to the startling conclusion that the Federal Reserve System does not need to be audited - it needs to be abolished.

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 System is nothing more than legalized counterfeit.