Political Quotes

“Today the Federal Reserve Board will meet, as always, in secret. These folks, I am sure well dressed, will go into their room, close the door, shut out the light, shut out the public, and make a decision that will affect every single American. Their decision is how high will interest rates go. Some predict today they will increase interest rates once again. If they do, it will be another wrongheaded mistake by the Federal Reserve Board. I have here today a letter I received 2 days ago from the Chairman of the Federal Reserve Board, Mr. Alan Greenspan. In this lengthy, fascinating letter, Mr. Greenspan explains to me, as a result of my complaints, why the Federal Reserve Board has chosen to put the brakes on the American economy; why they have decided to increase interest rates in order to fight what is some perceived inflation threat. ... But, if not, to severely criticize the Federal Reserve Board for making yet another mistake in trying to apply the brakes on the American economy, exactly when the American economy needs more propellant, more opportunity, more growth to create more jobs.”