Political Quotes

Herbert Hoover: “The magnificent work of the Federal Reserve System, and the inherently sound condition of the banks has already brought…”

On the recordNovember 14, 1929
The magnificent work of the Federal Reserve System, and the inherently sound condition of the banks has already brought about a decrease in interest rates and the assurance of abundant capital.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

The President's News Conference

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More from Herbert Hoover

Jun 23, 1932

There is another phase of the bill as passed which is disheartening.

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Jun 26, 1932

You have always been a public spirited citizen, working for the best interests of your state and of the nation and I know that whether in diplomatic work or at home, you will continue to render valuable service.

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Jun 26, 1932

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