Jimmy Carter Quotes

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.

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.

The Fed's independence is critical.

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

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

The job of the Central Bank is to worry.

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

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

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

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

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.

Some people think that you can call they Federal Reserve and ask them what they are doing. I’ve been calling the Fed for 30 years and they have never told my anything.

I don’t think that the Fed [Federal Reserve] ever can be or should be a prisoner of the markets.

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

The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize each other or have the economy lurching in all directions. This is not a rational system for setting economic policy. It has given us trouble in the past, as the text will establish, and will inevitably in the future.

In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.

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

There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.

In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.

The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.

The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it's easier for the central bank to guard its independence from political pressure when it mainly holds government securities.

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 one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.

Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.