Political Quotes

undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation

Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.

making derivatives safer is very important, part of solving Too Big to Fail and preventing another financial crisis.

Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and crowd out private investment and are bad for growth and productivity.