Political Quotes

Jack Reed: “Monetary policy is no panacea, is no cure all, and we do not have the ability--we can all disagree on how powerful these…”

On the recordFebruary 25, 2013
Monetary policy is no panacea, is no cure all, and we do not have the ability--we can all disagree on how powerful these measures are
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Reed acknowledges limitations of monetary policy in addressing economic challenges.

Share

More from Jack Reed

Aug 29, 2026

When he unilaterally launched this war, Trump promised he would destroy Iran's nuclear program, eliminate its missile and drone arsenal, dismantle its defense industrial base, wipe out its proxy networks, and topple the regime in a matter…

cbsnews.com
Aug 18, 2026

When President Trump cuts military exercises to flatter a dictator or punishes South Korea for declining to join a war he started, all of our allies – and adversaries – think that America’s commitments are negotiable.

theguardian.com
Aug 29, 2026

The President has waged this war without public support or congressional consent, and it is far past time for accountability.

cbsnews.com
Sep 1, 2026

President Trump has been explicit about his desire to extract Venezuela's oil," Reed said in a statement.

cbsnews.com

Other voices in this conversation